Shoe Carnival Acquires Rogan's Shoes for $45M
February 14, 2024
Shoe Carnival, Inc. acquired Rogan's Shoes, a 53-year-old family and work footwear retailer operating 28 stores across Wisconsin, Minnesota and Illinois, for $45 million in an all-cash transaction. The acquisition is expected to be immediately accretive to fiscal 2024 results (approx. $84M in sales and $10M in operating income) and expands Shoe Carnival's presence in Wisconsin and into Minnesota while integrating Rogan's into the Shoe Station banner.
- Buyers
- Shoe Carnival, Inc.
- Targets
- Rogan's Shoes
- Sellers
- Rogan family (owners of Rogan's Shoes)
- Industry
- Retail
- Location
- Wisconsin, United States
- Transaction Type
- Buyout
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