World Footwear

Companies

Sale of the Lids Group is complete

Feb 6, 2019 United States
Sale of the Lids Group is complete
Genesco announced today that the company has completed the sale of its Lids Sports Group to FanzzLids Holdings for 101 million US dollars
The sale, now completed and announced, is still subject to working capital and other adjustments and does not include a tax benefit estimated at 30 million US dollars.

FanzzLids Holdings is a holding company controlled and operated by affiliates of Ames Watson, LLC.  The announcement follows the release from the 14th of December 2018, in which Genesco announced it had entered into a definitive agreement for the sale of this business.

Cautionary note
This release contains forward-looking statements, including the company's estimated tax benefit resulting from the sale of the company's Lids Sports Group, and all other statements not addressing solely historical facts or present conditions. Actual results could vary materially from the expectations reflected in these statements. A number of factors could cause differences.


Photo by rawpixel on Unsplash


Related Events

  • Jul
    22
    Jul 22-Jul 23, 2019 | Portland, United States

    Sourcing & Sustainability Summit

  • Jul
    22
    Jul 22-Jul 24, 2019 | New York, United States

    NY Liberty Fashion & Lifestyle

  • Jul
    28
    Jul 28-Jul 30, 2019 | Chicago, United States

    STYLEMAX

  • Jul
    28
    Jul 28-Jul 29, 2019 | Kentucky, United States

    Bluegrass Buyers Market

Related Organizations

  • TUSPM Shoe Museum

    TUSPM Shoe Museum

    United States
  • The Atlanta Shoe Market

    The Atlanta Shoe Market

    United States
  • WSTA - World Shoe Travelers Association

    WSTA - World Shoe Travelers Association

    United States
  • Brooklyn Shoe Space

    Brooklyn Shoe Space

    United States