Genesco Sells Lids Sport Group for $100 Million
The buyer is FanzzLids Holdings, a holding company controlled by PE firm Ames Watson Capital, which also operates 120-door licensed apparel retailer Fanzz. Licensing juggernaut Fanatics, which was rumored as a potential purchaser for Lids, will take an unspecified minority interest in FanzzLids as part of a commercial arrangement with the company. Fanzz stores are mostly located on the West Coast, Mountain states and South West, with a few outposts in the Midwest. Lids operates 997 Lids stores across in the U.S. and 138 in Canada as well as 119 Locker Room by Lids leased departments in Macy’s stores. The ... Log in to view full article.