Corporate and M&A

U.S. chain Shoe City files for bankruptcy after failed acquisition by Arklyz

2023-04-06T08:03:00

Arklyz

In the summer of 2022, Swiss retail group Arklyz, the owner of The Athlete’s Foot, announced plans to purchase Baltimore-based retail chain Shoe City from ESCO Ltd, which consists of about 40 retail stores, but the deal never materialized and the U.S. retailer has now filed for bankruptcy. Shoe City ...

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