Ability to assess the business situation and processes to allow for the smooth acquisition and transition of acquired businesses and people. Planning and executing the timetable involved.
Acquired Repp Big and Tall in May 1999 with Sales of approximately $90.0M in 128 retail stores and mail catalogues, gave us the infrastructure for fulfillment in the E-Commerce and Catalogue channels, as well as giving us a ‘high end’, big and tall chain of stores. The purchase price for this acquisition was approximately $27.0M.
Acquired Shoe Corporation of America in November 1993 with Sales of approximately $40.0M in 188 licensed footwear departments. The total purchase price of this acquisition was approximately $3.8M
Acquired Morse Shoe/Fayva in January 1993 with Sales of approximately $400.0M in 493 licensed footwear departments and 425 Fayva shoe stores. In connection with the acquisition, approximately 2,767,377 shares of J. Baker common stock were issuable to Morse stockholders, including holders of approximately $47.0M, or 94% of Morse convertible debentures which had been converted into Morse common stock prior to January 30, 1993.
Acquired Casual Male in February 1991 with Sales of $92.5M and 180 stores. This company was purchased pursuant to the Casual Male’s Plan of Reorganization under Chapter 11 of the U.S. Bankruptcy Code. Under the plan, unsecured creditors were paid a total of $5.2M in cash and received a promissory note for $2.0M payable February 1992.