Retail Industry
Industry: Email Alert RSS FeedSHOEBILEE BUYS THE BUTLER GROUP.(Shoebilee Retail Group )(Brief Article)
Footwear News, June, 2001
In an continuing effort to build a strong stable of retail shoe brands, Dayton, Ohio-based Shoebilee Retail Group recently purchased the Butler Group for an undisclosed amount. The Butler Group, based in Atlanta, owns a majority interest of SLJ Retail, which operates approximately 61 Sam & Libby shoe stores in regional malls through a license with Maxwell Shoe Co, Hyde Park, Mass.
According to Chief Financial Officer Ervin Matthews, The Butler Group will operate as a separate business, and SRG will maintain offices in both Atlanta and Dayton, Ohio.
"This acquisition will more than double our volume," noted Ervin Matthews. "Our sales will increase from $30 million to more than $70 million. It will also allow us to achieve considerable economies of...
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