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Toms Shoes Undergoes Takeover, Restructuring

  • Reuters, Tuesday, December 31, 2019 3:42 PM
Creditors of Toms Shoes have agreed to take over the company in exchange for restructuring its debt. “The group of creditors, led by Jefferies Financial Group Inc., Nexus Capital Management LP and Brookfield Asset Management Inc. will assume the ownership from the shoemaker’s founder Blake Mycoskie and Bain Capital LP,” Reuters reported, citing a company letter sent to its employees and people familiar with the matter. It’s not clear whether Mycoskie will retain a role at the company, given he will no longer be an owner, the report said.

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