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Footwear retailer RCG outlays $105 million for Hype DC

July 6, 2016 | Australian Financial Review

RCG Corp has cemented its status as Australia’s fastest-growing footwear retailer by snapping up one of its major customers, footwear chain Hype DC, for as much as $105 million.

The acquisition, which comes just 15 months after the transformative $200 million acquisition of shoe retailer Accent Group, will boost RCG’s annual sales by about $120 million and increase store numbers by 60 to 350, making the former wholesaler the largest footwear retailer in Australia and New Zealand by far.

Hype operates 57 Hype DC stores selling mainly athleisure and active wear brands as well as three Shubar retail stores, which sell men’s and women’s fashion shoes, boots and sandals, including some of RCG’s brands.

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