ABC-MART completes acquisition of LaCrosse Footwear
ABC-MART Inc, Japan’s leading retailer of athletic, business and casual footwear, has successfully completed its acquisition of American company LaCrosse Footwear Inc, a leading provider of premium, branded footwear for work and outdoor users, at a purchase price of $20 per share in cash.
ABC-MART operates approximately 800 stores throughout the ABC-MART Group in Japan, with its store network expanding to South Korea and Taiwan. The company owns brands such as HAWKINS and NUOVO, develops in-house footwear, and sells affordable high-quality shoes. In addition, the company is a distributor in Japan to top brands such as VANS, SPERRY TOP-SIDER and SAUCONY, and supplies footwear to pro shops and boutiques.