Genesco Acquires UK Shoe Retailer

Genesco announced that it has acquired Schuh Group, a specialty retailer of casual and athletic footwear based in the United Kingdom. The purchase price was $159 million. Headquartered in Scotland, Schuh operates 59 stores in the U.K. and Ireland, 16 concessions in Republic apparel stores and one of the U.K.'s largest online shoe websites.