Reuters: Wheeled-sneaker maker Heelys sells itself to private equity firm
Heelys Inc, the maker of children's sneakers with wheels in them, is selling itself to a private equity firm, Evergreen Group Ventures, after suffering years of fading sales and a sliding share price. The value of Heelys, once worth more than $1 billion as children flocked to its shoes, had faded to a market value of just over $50 million at Monday's close on the Nasdaq, Thomson Reuters data showed.
23 October 2012•1 min read
