The Lids Sports Group has reached an agreement to purchase Lexington, KY
based Fan Outfitters, LLC. Funded by private equity firm iVisionary and
affiliated partners, Fan Outfitters operates seven brick-and-mortar
retail stores located in Kentucky and Oklahoma along with ecommerce
websites tied to each location.
All locations will be branded Fan Outfitters by Lids and will maintain
their local identities, with a merchandise selection and presentation
featuring the teams associated with the communities where they operate.
These locations will operate under the Locker Room by Lids division of
Lids Sports Group, which is a primary focus of the Group’s current
growth strategy.
“Fan Outfitters fits nicely into our overall
objective of developing a leading national sports apparel retail brand
that caters to local fans across the country,” said Lids Sports Group
President Ken Kocher. “This acquisition allows us to immediately build
on the relationship that both Fan Outfitters and the Lids brand have
established with Kentucky, Louisville, and Oklahoma fans.”
“Combining
the Lids brand with Fan Outfitters’ approach to the local fan provides a
perfect opportunity to solidify our position in each of the markets we
are located,” said Joe Kawaja, Co-Founder of Fan Outfitters.
Lids
Sports Group will introduce its Custom Zone in-store customization
capabilities to the recently acquired locations, which will carry an
assortment of local and regional products of officially licensed apparel
and merchandise. Customers will also be able to take advantage of the
company’s national gift card and loyalty club programs at each location.
The
Lids Sports Group, operating within Hat World, Inc., is comprised of
the Lids retail headwear stores, the Locker Room by Lids specialty fan
retail chain, the Lids Clubhouse retail stores, the Lids Team Sports
wholesale team sports business, and the Internet businesses
www.lids.com, www.lidslockerroom.com, wwwlidsclubhouse.com, www.lidsteamsports.com and www.lids.ca.
Source Lids SportsGroup through SportsOnesource
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