M&A Deal Summary

Fanzz Acquires The LIDS Sports Group

On December 14, 2018, Fanzz acquired retailer The LIDS Sports Group from Genesco for 100M USD

Acquisition Highlights
  • This is Fanzz’s 1st transaction in the Retail sector.
  • This is Fanzz’s largest (disclosed) transaction.
  • This is Fanzz’s 1st transaction in the United States.
  • This is Fanzz’s 1st transaction in Indiana.

M&A Deal Summary
Date 2018-12-14
Target The LIDS Sports Group
Sector Retail
Buyer(s) Fanzz
Sellers(s) Genesco
Deal Type Divestiture
Deal Value 100M USD

Target

The LIDS Sports Group

Indianapolis, Indiana, United States
website
The LIDS Sports Group is a specialty retailer of hats and caps. The LIDS Sports Group was founded in 2009 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Fanzz

Salt Lake City, Utah, United States

website

Category Company
Founded 1985
Sector Retail
DESCRIPTION

Fanzz is a provider of sports retail and e-commerce. Fanzz was founded in 1985 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Genesco

Nashville, Tennessee, United States

website

Category Company
Founded 1924
Sector Retail
Employees5,400
Revenue 2.4B USD (2022)
DESCRIPTION
Entrance to Genesco's corporate headquarters in Nashville, Tennessee.
Entrance to Genesco's corporate headquarters in Nashville, Tennessee.

Genesco is a specialty retailer that sells footwear, headwear, sports apparel and accessories. Genesco's branded stores include Journeys, Schuh, and Lids Sports. The Company also designs, sources, markets and distributes footwear under its own Johnston & Murphy brand, the Trask brand, and the licensed Dockers brand. Genesco was founded in 1924 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 SureGrip Footwear

Nashville, Tennessee, United States

SureGrip Footwear is a provider of men’s and women’s no-slip footwear - athletic, dress, casual, work and safety shoes – for all industries including food service / restaurant, hospitality, healthcare, grocery.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Togast

New York, New York, United States

Togast LLC is a provider in the design, sourcing, and sale of licensed footwear and is based in New York City.

Buy $68M
Mergr

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