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Story summary
- Marubeni Corporation, a Japanese firm, has acquired Gola, the British footwear brand, as part of a $64 million deal with Jacobson Group.
- The move aims to revitalize Gola in the UK and expand in the US, capitalizing on retro fashion.
- Gola sales rose 38% in 2024, contributing to expectations of a 40% revenue growth.
- Marubeni plans brand development, including designing for British consumers and exploring opportunities with Clarks and Timberland.
