Genesco Completes The Sale Of Lids Sports Group To FanzzLids Holdings
Genesco Inc. (GCO)
Last genesco inc. earnings: 3/12 06:50 am
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US:NYSE Investor Relations:
genesco.gcs-web.com/investor-overview
Company Research
Source: PR Newswire
NASHVILLE, Tenn., Feb. 4, 2019 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) announced today that the Company has completed the sale of its Lids Sports Group to FanzzLids Holdings for $101 million, which is still subject to working capital and other adjustments and does not include a tax benefit estimated at $30 million. FanzzLids Holdings is a holding company controlled and operated by affiliates of Ames Watson, LLC. The announcement follows the December 14, 2018 news release in which Genesco announced it had entered into a definitive agreement for the sale of this business.Cautionary Note Concerning Forward-Looking Statements This release contains forward-looking statements, including the Company's estimated tax benefit resulting from the sale of the Company's Lids Sports Group, and all other statements not addressing solely historical facts or present conditions. Actual results could vary materially from the expectations reflected in these statements. A number of factors could cause d
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