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European investment firm Palamon Capital Partners is taking stock in socks.
Palamon announced Monday it has acquired a majority stake in Swedish hosiery brand Happy Socks for 725 million Swedish Krona, or $81.2 million. The firm intends to inject an additional $4.5 million to support expansion.
Happy Socks burst onto the fashion sock scene in 2008 with its lively patterns, colors and giftable packaging. With more than...