Shoe Carnival is expanding its retail network with the $45 million acquisition of Rogan’s Shoes, a 53-year-old work and family footwear company with 28 locations across Wisconsin, Minnesota, and Illinois. According to Shoe Carnival, the acquisition was funded with cash flow generated in fiscal 2023 and is expected to be immediately accretive to the company’s fiscal […]
Dick’s Sporting Goods Inc. will close 11 Moosejaw retail stores as part of an internal realignment. That will leave just three Moosejaw stores in Birmingham, Mich., Salt Lake City, Utah, and Bentonville, Ark. open for business. Seven stores in Michigan, and one each in Olathe, Kan., Chicago, Boulder, Colo. and Kansas City, Mo. will close, according to […]
Tapestry Inc. is buying Capri Holdings in a roughly $8.5 billion deal that alters the fashion landscape and remakes the world of accessible luxury handbags. The acquisition brings together Tapestry’s Coach, Kate Spade and Stuart Weitzman with Capri’s Michael Kors, Versace and Jimmy Choo to create a $12 billion giant. It’s a transaction that marks the culmination of years of deal making […]
Luxury conglomerate Richemont has snapped up a controlling stake in Gianvito Rossi during a very busy week for footwear acquisitions. Terms of the deal were not disclosed, but Gianvito Rossi, founder, CEO and creative director of his 17-year-old eponymous label will retain a stake. “Gianvito Rossi is an exceptional maison with unique savoir-faire in the world of shoemaking,” said Philippe Fortunato, CEO of […]