Home / Knowledge / News / Apparel/Garments / Finish Line increases ownership in Running Specialty Group
Finish Line increases ownership in Running Specialty Group
26
Apr '14
The Finish Line, Inc. and GCPI SR LLC (Gart Capital Partners/GCP) have agreed to Finish Line increasing its ownership in the Denver-based Running Specialty Group (RSG). GCP will retain an ownership position in RSG, maintain two positions on the RSG Board of Directors and will continue to provide leadership in ongoing business development opportunities. Terms of the agreement were not disclosed.
 
“With the Gart’s leadership, we have almost tripled the number of stores under the RSG banner,” said Finish Line Chairman and Chief Executive Officer Glenn Lyon. “We have invested time and energy into learning about RSG’s customers, business plan and operations since acquiring the original chain and are taking our next step in the management of the business. The Gart’s involvement has been pivotal in RSG’s acquisitions and growth to date. We are at a milestone where with Finish Line’s increased ownership, we will take our running specialty platform to a new level.”
 
RSG also announced today the appointment of Bill Kirkendall as President. He will assume management of the day-to-day operations at RSG from Gart Companies. Kirkendall served as a member of Finish Line’s Board of Directors since 2001 until his resignation April 24, 2014.
 
“We remain committed to continuing to grow the business with RSG and to further impact the philosophies of this community-based group of specialty running shops,” said GCP Partner Ken Gart. “We stand strong in our commitment to the local communities where we are involved and will remain authentic to the roots of this business and, most importantly, our loyal and valued customer base. With Bill on the team and focused on core operational and strategic aspects of our business, we can take this partnership to the next level for all that we serve.”
 
During an almost 20 year span of his career, Kirkendall held several key executive leadership positions with Etonic, Inc. (Etonic/Tretorn/Puma USA) including President. He also was previously Chief Executive Officer of Orlimar Golf Company and most recently served as Managing Partner/President of Glen Oaks Country Club in West Des Moines, Iowa and as the Lead Advisor for the Board of Advisors for Golf Resources Inc.
 
About The Finish Line, Inc.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line has approximately 850 stores including more than 200 shops in Macy’s in malls across the U.S. and employs more than 14,000 sneakerologists who help customers every day connect with their sport, their life and their style. 
 

Finish Line

Must ReadView All

Textiles | On 22nd Feb 2017

Bangladesh exporters want duty-free access to US, Brazil

Garment and apparel exporters of Bangladesh are seeking duty-free...

Textiles | On 22nd Feb 2017

India to produce 341 lakh bales cotton in 2016-17: CAI

The Cotton Association of India (CAI) has maintained in its January...

Textiles | On 22nd Feb 2017

'India to be self-sufficient in silk production by 2020'

Indian could be self-sufficient in silk production by the year 2020...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search