New Era Cap, a supplier of major U.S. sports league headware, has agreed to acquire sports lifestyle brand '47, people familiar with the matter said on...
- New Era Cap , a supplier of major U.S. sports league headware, has agreed to acquire sports lifestyle brand '47, people familiar with the matter said on Thursday.
The acquisition of '47 is expected to close by the end of 2024, and the IPO would then follow, the sources said.New Era is controlled by its founding family, and private equity firm ACON Investments holds a significant stake. New Era's flagship 59FIFTY cap is donned often by celebrities on runways and red carpets. It was launched in 1954 and customized for select teams in MLB, the NFL and the NBA.
National Football League New Era Cap National Basketball Association Jim Patterson Lifestyle Brand Chris Koch
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