Blackstone Buys Jack Wolfskin

Blackstone is buying German outdoor clothing company Jack Wolfskin for what has been estimated at more than 700 million euros ($994 million), Reuters reported. The buyout shop did not disclose terms of the deal. The company’s co-founder and chief executive, Manfred Hell, will step down as part of the deal, Reuters said.

DealsNorth AmericaUSBriefs