DSW to acquire Ebuys, Inc.

By

Obi Anyanwu

Published
Feb 17, 2016

DSW Inc. on Wednesday announced that it has entered into an agreement to acquire Ebuys, Inc. The transaction is expected to close in the next 30 days.

 
The purchase price for Ebuys includes an upfront payment of $62.5 million, as well as future payments contingent on the performance of the company. The agreement supports DSW’s efforts to grow its market share within footwear and accessories both domestically and internationally.
 
Ebuys, Inc. is an e-commerce off-price footwear and accessories retailer with a presence in North America, Europe, Australia and Asia. The company will continue to operate as a distinct business under DSW and maintain its offices in San Diego, California, and Antioch, Tennessee. David Duong will remain with Ebuys as CEO.

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DSW will provide more details about the transaction during its fourth quarter and fiscal 2015 results report on March 15, 2016.