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

  • Sep
    29
    Sep 29-Sep 30, 2025 | Indiana, United States

    The Indy Show

  • Oct
    4
    Oct 4-Oct 6, 2025 | Palm Beach, Florida, United States

    Palm Beach Trendz

  • Oct
    6
    Oct 6-Oct 8, 2025 | LA, United States

    LA Market Week

  • Oct
    14
    Oct 14-Oct 17, 2025 | Atlanta, United States

    Atlanta Apparel

Related Organizations

  • USRA - United Shoe Retailers

    USRA - United Shoe Retailers

    United States
  • FIT - Fashion Institute of Technology

    FIT - Fashion Institute of Technology

    United States
  • BSTA - Boston Shoe Travelers Association

    BSTA - Boston Shoe Travelers Association

    United States
  • USFMA - United States Footwear Manufacturers

    USFMA - United States Footwear Manufacturers

    United States