Shoe Carnival, Inc. acquired Rogan Shoes, Incorporated from family for $50 million.
February 12, 2024
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Shoe Carnival, Inc. (NasdaqGS:SCVL) acquired Rogan Shoes, Incorporated from family for $50 million on February 13, 2024. Rogan?s was acquired for an initial purchase price of $45 million. This initial consideration, funded entirely from cash on hand, is subject to customary adjustments, and additional consideration of up to $5 million may be paid by the Company subject to the achievement of three-year performance targets. KPMG Corporate Finance LLC acted as financial advisor and KPMG LLP due diligence advisor to Shoe Carnival. Faegre Drinker Biddle & Reath LLP acted as legal advisor to Shoe Carnival, Inc. TM Capital acted as financial advisor to Rogan Shoes, Incorporated.
Shoe Carnival, Inc. (NasdaqGS:SCVL) completed the acquisition of Rogan Shoes, Incorporated from family on February 13, 2024.
Shoe Carnival, Inc. is a family footwear retailer. It offers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national name brands. Its omnichannel bricks provide customers easy access to its range assortment of branded footwear for athletics, daily activities and special events via their choice of delivery channel. Its typical physical store carries shoes in two general categories: athletics and non-athletics with subcategories for men's, women's and children's, and a range of accessories. Its trademarks and service marks: Shoe Carnival and associated trade dress and related logos, Y-NOT?, UNR8ED, Solanz, Shoe Perks, SC Work Wear, A Surprise In Store, Shoes 2U, Laces for Learning, Princess Laceyâs Laces, Shoe Station, Shoe Station Super Store and Shoe Station Select. It operates 429 stores in 36 states and Puerto Rico under its Shoe Carnival and Shoe Station banners and offers shopping at www.shoecarnival.com and www.shoestation.com.
SHOE CARNIVAL, INC. 
