Blackstone Fails to Find Buyer for GoldToeMoretz

Buyout shop Blackstone has failed to find a buyer for its portfolio company GoldToeMoretz, one of the world’s largest sock makers, Reuters said, citing a report in the New York Post. The report said that Blackstone wanted $450 million for the company, an amount that would allow Blackstone to repay debt and leave GoldToeMoretz profitable.

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