An investor group had been pressuring Genesco Inc. to sell some of its holdings, but says it's not happy that Zionsville-based Lids is the unit Genesco wants to divest. Meanwhile, analysts have mixed opinions about the possible sale.
A media group that owns more than a dozen newspapers in Indiana—including publications in Zionsville, Avon, Lebanon and Anderson—has announced it is merging with a company with dozens of TV and radio stations.
Zionsville-based Lids Sports Group posted disappointing sales in its second quarter, mirroring recent results from other athletic apparel retailers. Its parent company is trying to dampen expectations for the overall firm.