This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Finish Line Increases Ownership In Running Specialty Group

Stocks in this article: FINL

The Finish Line, Inc. (NASDAQ: FINL) and GCPI SR LLC (Gart Capital Partners/GCP) have agreed to Finish Line increasing its ownership in the Denver-based Running Specialty Group (RSG). GCP will retain an ownership position in RSG, maintain two positions on the RSG Board of Directors and will continue to provide leadership in ongoing business development opportunities. Terms of the agreement were not disclosed.

“With the Gart’s leadership, we have almost tripled the number of stores under the RSG banner,” said Finish Line Chairman and Chief Executive Officer Glenn Lyon. “We have invested time and energy into learning about RSG’s customers, business plan and operations since acquiring the original chain and are taking our next step in the management of the business. The Gart’s involvement has been pivotal in RSG’s acquisitions and growth to date. We are at a milestone where with Finish Line’s increased ownership, we will take our running specialty platform to a new level.”

RSG also announced today the appointment of Bill Kirkendall as President. He will assume management of the day-to-day operations at RSG from Gart Companies. Kirkendall served as a member of Finish Line’s Board of Directors since 2001 until his resignation April 24, 2014.

“We remain committed to continuing to grow the business with RSG and to further impact the philosophies of this community-based group of specialty running shops,” said GCP Partner Ken Gart. “We stand strong in our commitment to the local communities where we are involved and will remain authentic to the roots of this business and, most importantly, our loyal and valued customer base. With Bill on the team and focused on core operational and strategic aspects of our business, we can take this partnership to the next level for all that we serve.”

During an almost 20 year span of his career, Kirkendall held several key executive leadership positions with Etonic, Inc. (Etonic/Tretorn/Puma USA) including President. He also was previously Chief Executive Officer of Orlimar Golf Company and most recently served as Managing Partner/President of Glen Oaks Country Club in West Des Moines, Iowa and as the Lead Advisor for the Board of Advisors for Golf Resources Inc.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,383.68 -295.02 -1.67%
S&P 500 2,035.42 -21.67 -1.05%
NASDAQ 4,701.7520 -70.0110 -1.47%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs