Tuesday, June 23, 2009

Finish Line to Sell Man Alive!

Hot off of the wire, Man Alive will be sold to Jimmy Khezrie the owner of the Jimmy Jazz chain for 7 million dollars cash. The Man Alive business was originally, acquired for about $12 million by Finish Line. The difference is a $5 million cash loss, but the loss is rumored, to help Finish Line maintain its core sports business. The Finish Line sales have only declined 4% in comparison to the Man Alive business which has declined almost 40%. It seems that this is a good acquisition for Jimmie Jazz. The purchase will help to obtain consistency for the core Man Alive consumer and help lift a financial burden off of Finish Line's revenues. For more information, click to the Forbes.com link. Sources: WTHR and WWDMens

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