Goode Partners has purchased ownership interest in Sneaker Villa, Inc., the
Philadelphia-based urban footwear chain. Since its first
store opened in 1989, the company has grown to over 50 units in several key Northeastern and Midwestern markets, more than
doubling its store base since the beginning of 2012. Villa expects to
continue its rapid growth over the next several years with additional
store openings in both new and existing markets.
Sneaker Villa will continue to be led by CEO and shareholder Jason Lutz, son of founders Chris and Ruth
Lutz.
We are excited to partner with Villa at such an exciting time in its
growth as a brand. We look forward to leveraging our experience
investing in and advising growth consumer retail companies to augment
the extremely talented management team already in place at Villa,
commented David Oddi, a Partner at Goode.
Added Jason Lutz, We are pleased to
have the support of the Goode team and the relationship network they
bring. Their track record of successfully investing in and working with
high-growth retailers, as well as their fit with our team, were deciding
factors in our choice to partner with Goode for the next chapter in our
growth.
Goode Partners LLC is a New York-based private equity firm that focuses
exclusively on investment opportunities in the retail, restaurant,
apparel, direct marketing and branded consumer products sectors. Its porfolio includes AllSaints, Intermix, Skullcandy, Strike, Lacrosse Unlimited, Luxury Optical Holdings, Chuy’s and Rosa Mexicano.
Peter J. Solomon Company acted as a financial advisor in the deal. Ballard Spahr of Atlanta acted as legal advisor to Villa in the transaction.
