Schuh Group Ltd. a UK specialty retailer and athletic footwear, is pleased to announce that Genesco Inc. has acquired the company for total consideration of £125 million.
As part of the transaction, Schuh which is based in Livingston, Scotland is distributing £37.3 million of the sale proceeds to staff in 59 stores and 16 concessions around the country.
Schuh operates 59 stores in the UK and Republic of Ireland, 16 concessions in Republic apparel stores and one of the U.K.'s largest online shoe websites www.schuh.co.uk.
Genesco is a Nashville, Tennessee-based speciality retailer that sells footwear, headwear, sports apparel and accessories in more than 2,285 retail stores throughout the U.S. and Canada.
