World Footwear

Companies

Genesco acquires footwear licensee Togast

Jan 6, 2020 United States
Genesco acquires footwear licensee Togast
The Nashville-based group has announced the acquisition of leading footwear licensee Togast. Genesco also confirmed it has entered into a new Levi's footwear license agreement
Genesco announced that it has closed the acquisition of the US assets of New York-based Togast LLC, a company that specializes in the design, sourcing and sale of licensed footwear. The acquisition is expected to be accretive to Genesco's fiscal 2021 earnings.

As planned, at closing, Genesco also entered into a new US footwear license agreement for men, women and children for Levi's, as well as renewed and extended its men's Dockers footwear license.

The Togast purchase expands Genesco's portfolio to include footwear licenses for G.H. Bass & Co., ADIO and FUBU, among others.

The addition of privately owned Togast brings to Genesco new "sources of revenue and synergistic product development" which should "complement and enhance Genesco's licensed brands division".
 
The purchase agreement should amount to 33.7 million US dollars.

Image source: Asos.com (G.H. Bass & Co.)

Related Events

  • Jul
    15
    Jul 15-Jul 16, 2025 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers Market

  • Jul
    15
    Jul 15-Jul 16, 2025 | New York, United States

    Première Vision New York

  • Jul
    16
    Jul 16-Jul 17, 2025 | Portland, United States

    Polymers in Footwear Portland

  • Jul
    22
    Jul 22-Jul 24, 2025 | San Diego; Las Vegas (summer edition), United States

    The IR Show

Related Organizations

  • PLC - Pensole Lewis College of Business & Design

    PLC - Pensole Lewis College of Business & Design

    United States
  • FIT - Fashion Institute of Technology

    FIT - Fashion Institute of Technology

    United States
  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • L&HCA - Leather & Hide Council of America

    L&HCA - Leather & Hide Council of America

    United States