Crocs to explore sale proposals

Crocs, known for its colorful clogs, has hired investment bank Moelis & Co to explore strategic alternatives, including a leveraged buyout, two people familiar with the matter said yesterday. The company has already held talks with a small group of private equity firms, including Blackstone Group and KKR, the people said. Some of the investment firms however have already lost interest in a leveraged buyout because they do not consider a deal to be attractive.