Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Jimmy Jazz (the “Company”) was recently acquired by Snipes USA (“SNIPES”). The terms of the transaction were not disclosed. The transaction is subject to various regulatory approvals and customary closing conditions.
For over 30 years Jimmy Jazz has presented premium lifestyle brands such as Nike, Jordan, Adidas, Puma, and Polo in an engaging and authentic way to the consumer helping to build “sneaker culture” on critical streets and in important markets. With nearly 170 stores across the United States, Jimmy Jazz has an expansive footprint in both malls and strip centers. Jimmy Jazz also operates a robust E-commerce business through JimmyJazz.com allowing them to connect with the consumer digitally on a broad scale. Since its beginnings, the company and its’ valued associates have become more than popular destinations for a large breadth of footwear, apparel and accessories in the neighborhoods they serve. Jimmy Jazz has become the destination where streetwear and sport culture intersect. Jimmy Jazz remains loyal to the consumer, its’ nearly 4,000 diverse employees and all of their many vendor partners. The Company is headquartered in Secaucus, New Jersey.
Inspired by hip-hop, streetball, dance, and action sports, the opening of the first SNIPES store in 1998 laid the foundation for a movement that now connects young people around the world. In line with the outfitter principle, the SNIPES online store and over 450 SNIPES outlets in Europe and the United States offer up-to-the-minute streetwear pieces and sneakers alongside the classic timeless looks of brands such as Nike, adidas, Carhartt, Jordan, New Balance, and Vans. Key differentiators are SNIPES’ own collections and successful collaborations with other streetwear brands plus exclusive sneaker models. What’s more, SNIPES has remained true to its deep roots in the global street culture community, working closely with key figures from the scene, and supporting talented athletes and creative artists. SNIPES is headquartered in Philadelphia, Pennsylvania.
For additional information about this transaction, please contact: