Moody's: Plentiful apparel and footwear deals to fuel profitability in 2015

New York, January 30, 2015 -- The bevy of mergers and acquisitions in the apparel and footwear industry will continue to flourish in 2015 as attractive growth opportunities will drive increasing profits and signal further consolidation, Moody's Investors Service says in a new report, "Rockport Deal is Latest in Spate of Footwear M&A, With More Consolidation Likely." Already in 2015 there have been two merger and acquisition deals announced -- adidas Group (not rated) planned sale of Rockport (not rated) and Coach Inc's ((P)Baa2 stable) proposed purchase of the luxury footwear brand Stuart Weitzman (B3 stable).

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