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FINISH LINE ACQUIRES HANG UP SHOPPES.(Brief Article)
NEW YORK -- Finish Line is getting deeper into the hip-hop arena.
The fast-growing athletic retailer has signed an agreement to acquire Hang Up Shoppes Inc., which operates the Man Alive chain selling men's and women's products, for $12 million in cash plus the potential of an additional $6 million if certain conditions are met.
"It is clear to us that Man Alive has a proven store model and we are convinced that there should be a tremendous fit with our organization from a strategic, cultural and operational viewpoint," said Alan H. Cohen, Finish Line's chairman and chief executive officer.
Hang Up has headquarters in Indianapolis …
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