Monday, December 17, 2018

Genesco in deal to sell struggling Lids

Chain Store Age
Genesco Inc. has finally found a buyer for Lids.

The company has entered into a definitive agreement to sell its ailing Lids Sports Group for $100 million in cash to FanzzLids Holdings. The holding company is controlled and operated by affiliates of Ames Watson Capital, owner of licensed sports apparel retailer Fanzz. . . . more