Skip Hop: Carter's Inc. buys Skip Hop, posts $258.1 million profit for 2016

Carter's Inc. (NYSE: CRI) bought Skip Hop Holdings Inc. from Fireman Capital Partners for $140 million in cash. Atlanta-based Carter's said the deal also includes a potential future payment of up to $10 million depending on the company hitting certain fiscal targets in 2017. New York-based Skip Hop's product portfolio includes diaper bags, kids' backpacks, travel accessories, home gear, and hardlines for playtime, mealtime, and bathtime. "Skip Hop has built a strong reputation for innovative,...