Hardy Capital buys two online shoe retailers

Seattle - Hardy Capital Partners, along with a small group of Canadian investors, have acquired 100% of OnlineShoes.com, a $140 million profitable online footwear retailer based out of Seattle. Hardy Capital Partners has also acquired 100% of ShoeMe.ca, a Vancouver-based online footwear retailer, for an undisclosed amount.

Hardy intends to consolidate the two companies, creating the largest online footwear operation headquartered in Canada. The combined entity will have more than 250 employees across North America with combined annual revenues of approximately $186 million. The company will offer a selection of more than 350 shoe brands and 35,000 different shoes serving more than 1.5 million customers in 2014.

 

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