"As we exit the running specialty business, we dedicate our entire focus to serving our core Finish Line and Finish Line Macy’s customers and driving profitable results that provide return to our shareholders", commented Sam Sato, Chief Executive Officer of Finish Line, adding: "The JackRabbit team – both in their main offices in Denver and throughout the field – genuinely work hard to serve running and fit enthusiasts within their local communities. With CriticalPoint retaining those employees, they will continue to deliver a high level of customer service and offer industry leading branded footwear, apparel and accessories.”

Under the terms of the definitive agreement, affiliates of CriticalPoint Capital will become the owner of JackRabbit as specified in the purchase agreement which includes 65 retail stores currently operating under several banners, all JackRabbit leasehold interests and lease liabilities, intellectual property and the JackRabbit trademark and name. JackRabbit staff will be employed by an affiliate of CriticalPoint Capital.

Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories, headquartered in Indianapolis and with approximately 970 Finish Line branded locations primarily in US malls and shops inside Macy’s department stores, employing more than 14 000 staff. Finish Line also operated JackRabbit (previously referred to by the company as Running Specialty Group), which includes 65 specialty running stores in 17 states.