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/ Technology
Finish Line and Genesco call off their acrimonious merger
After a rocky back-and-forth transaction, Genesco and The Finish Line have halted their merger. By mutual agreement, Finish Line and UBS will pay Genesco $175 million and Finish Line will issue Genesco just over 6.5 million shares of common stock.
Posted 03/05/2008Bill BriggsPost a comment
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/ E-Retailers
Finish Line rethinks its Genesco acquisition
The Finish Line Inc. is re-thinking its acquisition of Genesco Inc. as a result of Genesco’s unfavorable second-quarter earnings. Genesco reported a loss of $2.9 million, including expenses of $5.5 million related to the acquisition.
Posted 08/31/2007Don DavisPost a comment
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/ Technology
Genesco isn’t ruling out new owners
Even though the company has already rejected two offers from Foot Locker Inc., Genesco Inc. isn’t ruling out a possible sale. The retailer has retained Goldman Sachs & Co. to help evaluate strategic alternatives.
Posted 06/01/2007Don DavisPost a comment
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/ E-Retailers
Genesco rejects Foot Locker`s takeover bid
Genesco Inc. has rejected Foot Locker Inc.`s unsolicited proposal to acquire all of the outstanding shares of the company for $46 a share.
Posted 04/24/2007Kurt PetersPost a comment
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/ E-Retailers
Former HatWorld exec becomes president of Genesco
Robert J. Dennis has been named president & COO of Genesco Inc. Dennis had been executive vice president and COO of Genesco. He had served as CEO of Hat World Corp., which Genesco acquired in 2005.
Posted 10/30/2006Kurt PetersPost a comment
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From top to bottom: footwear seller Genesco buys Hat World
Footwear and accessories retailer Genesco Inc. acquired Hat World Corp., operator of 481 stores and four web sites that sell hats and caps.
Posted 04/02/2004Kurt PetersPost a comment
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/ Press Release
Genesco extends relationship with Jesta with Vision Sourcing and Vision SCM to bring products to market faster
New York, NY – January 12, 2007 - Jesta I.S., a leading supplier of business solutions for the consumer product goods, soft goods, specialty industries announced today Genesco Inc., a leading specialty retailer that sells footwear, headwear, and accessories in North America, will implement the Jesta I.S. Vision Sourcing and Vision SCM solutions. Jesta I.S.’s Vision Sourcing will help bring Genesco products to market faster, improve margins, and...
Posted 01/12/2007
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