fashion.broadwayworld.com

Goode Partners Invest in Sneaker Villa

Related: Sneaker Villa, Accessories
Goode Partners Invest in Sneaker Villa

Private equity firm Goode Partners has taken a stake in Philadelphia-based Sneaker Villa Inc. which has more than doubled the size of its store base this past year. Goode, based out of New York, has had success with smaller retailers, having previously taken stakes in Intermix and All Saints.

Villa sells footwear and apparel from brands including Nike, Jordan, Timberland, Adidas, Puma and Rocawear. The company has stores in multiple Northeastern and Midwestern markets, like Philadelphia, York and Allentown in Pennsylvania as well as Chicago and Detroit.

Villa is led by chief executive officer and shareholder Jason Lutz, son Chris and Ruth Lutz, who opened the company's first store in 1989. Peter J. Solomon Co. managing director David Shiffman advised Villa on the deal.

The retailer plans to expand in its existing markets and break into new territory in the years ahead.

"We look forward to leveraging our experience investing in and advising growth consumer retail companies to augment the extremely talented management team already in place at Villa," said David Oddi, a partner at Goode.


Related Links
Gap Inc. Extending International Presence to IndiaGap Inc. Extending International Presence to India
August 22, 2014
New York & Company, Inc. Searches for a New Chief Operating OfficerNew York & Company, Inc. Searches for a New Chief Operating Officer
August 22, 2014
VIDEO: Carmen Steffens Buenos Aires Alta Moda Fall Winter 2014VIDEO: Carmen Steffens Buenos Aires Alta Moda Fall Winter 2014
August 21, 2014
Kate Upton is the Face of Sam Edelman Again for FallKate Upton is the Face of Sam Edelman Again for Fall
August 20, 2014
Gap's Fall Campaign Is All About IndividualityGap's Fall Campaign Is All About Individuality
August 19, 2014


About Author

Subscribe to Author Alerts

Become a Fan, Follower & Subscriber