Aldo Group sells Little Burgundy chain of shoe stores to owner of Journeys chain

Aldo Group sells Little Burgundy chain of shoe stores to owner of Journeys chain

MONTREAL — The Little Burgundy chain of shoe stores for the 18-to-34 demographic is getting a new owner.

Little Burgundy — which counts fashion-conscious students and young professionals as its key customers — currently belongs to the Montreal-based Aldo Group, which operates in 95 countries.

The 37-store chain will give Genesco Inc. of Nashville, Tenn., access to a broader customer base in Canada.

Financial terms of the transaction weren’t revealed Tuesday in the companies’ joint announcement.

They say Little Burgundy will keep a separate identity within Genesco’s Journeys division.

Journeys caters to “guys and girls” aged 13 to 22 with 800 stores in the United States, Puerto Rico and Canada.

The Canadian Press

Categories: Business

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