Did Hey Dudes go out of business?

Did Hey Dudes go out of business?

Crocs has acquired Hey Dude, a casual footwear brand, for a whopping $2.5 billion. Hey Dude is a privately-owned company founded in Italy in 2008. Hey Dude will operate as a standalone division upon completion of the transaction.

Why are Hey Dudes so popular?

These shoes are something everyone can love. They are made of sustainable materials, they’re super comfortable, and they’re stylish. The classic style slips on, and you don’t have to tie them. In 2021, Crocs purchased the Hey Dude shoe brand.

Did Hey Dude shoes get bought out?

The closing is effective as of February 17, 2022. The acquisition of HEYDUDE adds a second high-growth, highly profitable brand to the Crocs portfolio. We intend to leverage our global presence, innovative marketing and scale infrastructure to grow HEYDUDE and create significant shareholder value.

When did Hey Dudes become popular?

Hey Dude were first introduced in the summer of 2008, by two Italian footwear experts Alessandro and Dario. By February of 2009, the first Hey Dude shoe had reached the market, after only a year the company was successful enough to open a Branch in the USA, opened up by new member to the team, Daniele.

Is Hey Dude part of Crocs?

With Heydude in the fold, Crocs ratcheted up its revenue expectations for the coming years. The company expects Heydude to become a $1 billion brand by 2024. Crocs CEO Andrew Rees, citing a Piper Sandler survey, said in May that Heydude was the No. 9 footwear brand with teens and Crocs No.

Who is Hey dudes owned by?

Hey Dude Shoes was acquired by Crocs for $2.5B on Dec 23, 2021 .