RCG nabs sneaker chain Hype DC

July 6, 2016 | The Australian

RCG Corporation chief executive Hilton Brett isn’t going to let a possible hung parliament and years of potential economic reform gridlock prevent him from accelerating the reach of the footwear retailer after he yesterday inked a $105 million deal to buy shoe chain Hype DC.

Hot on the heels of paying $200m in March last year for Accent Group, owner of Platypus shoes and distributor of brands like Vans, Skechers and Dr Martens, RCG will now take under its roof 57 Hype DC stores and three Shubar outlets as it positions itself to win from the proliferation of casual shoes into people’s everyday workwear.

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