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Big Dog's Walking Company acquires Footworks assets

07
Sep '05
Men's, women's and children's activewear & accessories producer Big Dog Holdings Inc announced its subsidiary The Walking Company has completed the acquisition of substantially all of the assets of Footworks, a division of the privately held shoe retailer Bianca of Nevada Inc.

The total purchase price was $10,094,750 which included the payment and issuance of cash and notes by TWC and the Company pursuant to the definitive agreement. The acquisition includes a chain of 7 retail stores selling comfort shoes and accessories.

Footworks' operations have historically focused on high-visibility stores in Las Vegas, Nevada. TWC is the leading specialty retailer of high-quality, technically designed comfort shoes and accessories. TWC intends to convert the majority of the acquired stores into "The Walking Company" stores.

Big Dogs is a clothing company which develops, markets and retails a branded, lifestyle collection of unique, high-quality, popular-priced consumer products, including activewear, casual sportswear, accessories and gifts. The company brand image is one of quality, value and fun.

The BIG DOGS brand is designed to appeal to people of all ages and demographics, particularly baby boomers and their kids, big and tall customers, and pet owners. It operates approximately 181 retail store, Big Dogs markets its products through its catalog, internet and corporate sales accounts.

The Walking Company is a leading independent specialty retailer of high-quality, technically designed comfort shoes and accessories that features premium brands such as ECCO, Mephisto, Dansko, Birkenstock and Merrell, among many others. These products have particular appeal to one of the largest and most rapidly growing demographics in the nation. The Walking Company operates 77 stores in premium malls across the nation.

Big Dog Holdings Inc


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