The Walking Company completes Footworks acquisition

01/09/2005

The Walking Company (TWC), a specialty retailer of high-quality, technically designed comfort shoes and accessories that features premium brands such as ECCO, Mephisto, Dansko, Birkenstock and Merrell that is a subsidiary of Big Dog Holdings, Inc., 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 and 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. The Walking Company currently operates 77 stores in premium malls across the nation. It intends to convert the majority of the acquired stores into "The Walking Company" stores.