×
60 360
Fashion Jobs
AESOP
Full-Time Retail Consultant | University Village
Permanent · Seattle
ROSS STORES
Manager, Market Investigations
Permanent · Albuquerque
ROSS STORES
Manager, Market Investigations
Permanent · Emeryville
ROSS STORES
Manager, Market Investigations
Permanent · Columbia
TJ MAXX
lp Detective
Permanent · Edgewater
MARSHALLS
Loss Prevention Detective m688
Permanent · Matthews
TJ MAXX
Loss Prevention Theft Resolution Leader - Full-Time - Hiring Now
Permanent · Washington, D.C.
TJ MAXX
lp Detective
Permanent · Totowa
TJ MAXX
lp Detective
Permanent · Lyndhurst
TJX COMPANIES
Senior Trade Compliance Analyst
Permanent · Marlborough
MARSHALLS
Loss Prevention Customer Service Associate East Boston
Permanent · Boston
TJ MAXX
70118-lp Detective
Permanent · La Quinta
HOMEGOODS
Key Carrying Manager Needed Now Hiring
Permanent · Quakertown
TJ MAXX
Memphis - sr Human Resources Business Partner
Permanent · Memphis
COTY
Assistant Visual Merchandising Manager
Permanent · New York
ULTA BEAUTY, INC.
sr IT Manager Enterprise Integration
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Kailua
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Tupelo
MICHAEL KORS
Part Time Sales Supervisor - Old Orchard - Skokie, il, Usa
Permanent · Skokie
MICHAEL KORS
ft Sales Supervisor, Valley Fair ca
Permanent · South San Francisco
BANANA REPUBLIC
District Manager - Bay Area
Permanent · San Francisco
BANANA REPUBLIC
Manager, Production-Sweaters
Permanent · San Francisco
Published
Nov 7, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

DSW and Authentic Brands close purchase of Camuto Group

Published
Nov 7, 2018

DSW and Authentic Brands Group have acquired the operations of Camuto Group for a combined sum of roughly $341 million, securing the Vince Camuto brand and footwear licenses for Jessica Simpson and Lucky Brand.


The partnershipwill license Camuto Group's footwear, handbags and jewelry categories to DSW, and lend new product categories to outside parties. - Via Vince Camuto


As part of the acquisition, DSW will acquire Camuto Group's entire global production, sourcing and design infrastructure, including operations in Brazil and China, and a distribution center in New Jersey, as well as the group's working capital of branded inventory and accounts receivable.

In addition, the footwear retailer and Authentic Brands Group have acquired intellectual property rights from several Comuto Group brands, including Vince Camuto, Louise et Cie, Sole Society, CC Corso Como and Enzo Angiolini. DSW will hold 40 percent ownership interest, with ABG owning the remaining 60. 

Managed by ABG, the property rights partnership will license the newly acquired brands' footwear, handbags and jewelry categories to DSW, and lend new product categories to outside parties in the interest of boosting the brands' lifestyle offerings.

Through this partnership, DSW will also earn licensing royalties from third parties and have access to ABG's brand portfolio, opening the footwear retailer up to future collaborations and greater wholesale opportunities.  

​"To ensure the health of our business for years to come, we needed to think in the long-term and set a course for greater market share by owning a design and sourcing infrastructure to gain greater control of our product assortment," said Roger Rawlins, chief executive officer of DSW Inc. "This acquisition allows us to capture more footwear transactions in new points of sale including at our own industry-leading DSW retail network and now in wholesale, brand-owned direct-to-consumer, as well as in licensing and international franchising."

DSW plans to transition its brand portfolio to the Camuto platform by fiscal 2020, allowing the footwear retailer to grow its brand business to a predicted $1 billion in annual retail sales. 

Copyright © 2022 FashionNetwork.com All rights reserved.