M&A Deal Summary

Genesco Acquires Togast

On December 18, 2019, Genesco acquired apparel/textiles company Togast for 68M USD

Acquisition Highlights
  • This is Genesco’s 1st transaction in the Apparel/Textiles sector.
  • This is Genesco’s 2nd largest (disclosed) transaction.
  • This is Genesco’s 3rd transaction in the United States.
  • This is Genesco’s 1st transaction in New York.

M&A Deal Summary

Date 2019-12-18
Target Togast
Sector Apparel/Textiles
Buyer(s) Genesco
Deal Type Add-on Acquisition
Deal Value 68M USD
Advisor(s) MMG Advisors (Financial)
Cole Schotz (Legal)

Target

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.

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Buyer(S) 1

Buyer

Genesco

Nashville, Tennessee, United States

Category Company
Founded 1924
Sector Retail
Employees5,400
Revenue 2.3B USD (2025)
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 4 of 4
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 The LIDS Sports Group

Indianapolis, Indiana, United States

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.

Sell $100M