Genesco acquires Britain’s Schuh chain

Schuh, a highly profitable British retailer of young fashion footwear, has been taken over by Genesco, the American retail group operating Journeys and other formats, for £125 million (€139.3m-$200.3m), less £29.5 million (€32.9m-$47.3m) outstanding under existing credit facilities, which remain in place for Schuh. The deal, which marks Genesco's first ...

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