Carter's, Inc. Announces Acquisitions and Goals

Top Quote In February 2017, Carter's, Inc. acquired Skip Hop Inc., an infant and child product company based in New York, for $140 million in cash and up to $10 million in future payments contingent on reaching certain financial goals in 2017. End Quote
  • Atlanta, GA (1888PressRelease) September 11, 2017 - Carter's, Inc. is the largest branded marketer in the United States and Canada of apparel and related products exclusively for babies and young children. The Company owns the Carter's and OshKosh B'gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally. They are also sold through nearly 1,000 Company-operated stores in the United States and Canada and on-line.

    In October 2012 the Atlanta Business Chronicle reported that Carter's Inc. was likely to lease in the Phipps Tower in Buckhead for its headquarters.[5] In December 2012 Carter's Inc. announced that it was moving its headquarters from Midtown Atlanta. The lease of 222,730 square feet (20,692 m2) of space is one of the largest headquarters leases to have occurred to date. The estimated value of the lease, except for concessions and escalation, was $70 million. The lease in Midtown was scheduled to be terminated on December 31, 2013.

    The company consolidated its out of state jobs into the new facility, with 200 additional jobs going to Buckhead. Manulife Financial Corp owns both the Proscenium and the Phipps Tower so Carter's terminated its lease early in one building and moved to the other.
    The company now has its headquarters in Suite 1800 at Phipps Tower, in Buckhead, Atlanta.

    In 2012, Carter's, Inc. announced that Braselton, Georgia would receive their one-million-square-foot, $50 million distribution center that will support their e-commerce, retail, and wholesale businesses. The company hopes to create 1,000 jobs at the facility by 2015.

    Fireman Capital Partners, a private equity firm, had previously acquired a majority equity stake in Skip Hop Inc. for $50 million in November 2013.

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