The Walking Company has completed the acquisition of substantially all of the assets of Footworks, a division of the privately held shoe retailer Bianca of Nevada, Inc.
The total purchase price was $10,094,750 which included the payment and issuance of cash and notes by TWC and the Company pursuant to the definitive agreement.
The acquisition includes a chain of 7 retail stores selling comfort shoes and accessories. Footworks' operations have historically focused on high-visibility stores in Las Vegas, Nevada. TWC is the leading specialty retailer of high-quality, technically designed comfort shoes and accessories. TWC intends to convert the majority of the acquired stores into “The Walking Company” stores.
