By  on June 22, 2009

Finish Line Inc. reached a deal to sell its struggling urban-inspired Man Alive business for about $7 million in cash to Jimmy Khezrie, owner of the Jimmy Jazz chain.

Under terms of the agreement, which is expected to close next month, Khezrie’s Man Alive Acquisition LLC would pick up 75 stores under the Man Alive and Decibel names, their trademarks and trade names, leasehold interest and lease liabilities and intellectual property.

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