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FanzzLids Holdings acquires Genesco's Lids Sports Group

11
Feb '19
Courtesy: Genesco
Courtesy: Genesco
FanzzLids Holdings has taken over Genesco’s Lids Sports Group for $101 million. The deal is subject to working capital and other adjustments and does not include a tax benefit estimated at $30 million. FanzzLids Holdings is a holding company controlled and operated by affiliates of Ames Watson. Genesco is a Nashville-based specialty retailer.

Genesco sells footwear and accessories in more than 1,500 retail stores throughout the US, Canada, the United Kingdom, the Republic of Ireland and Germany.

On December 14, 2018, Genesco had announced that it had entered into a definitive agreement for the sale of this business. (SV)

Fibre2Fashion News Desk – India


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