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Inside Camuto Group’s New Deal With ABG and DSW

After months of speculation, Camuto Group has announced a unique acquisition deal with Authentic Brands Group LLC and DSW Inc.
Under the terms of the agreement, ABG will partner with DSW to acquire the intellectual property of Camuto Group’s brands. (ABG will take the majority stake of 60 percent, while DSW will acquire a 40 percent interest.)
Financial terms of the deal were not disclosed.
“This strategic arrangement preserves the Camuto Group operation, which will continue to service its current footwear partners, and provides a robust infrastructure for new brands and growth,” said Jamie Salter, chairman and CEO of ABG. “Our partnership with DSW links ABG to a footwear authority whose sourcing and manufacturing expertise will extend across our portfolio.”
Brands involved in the transaction include Vince Camuto, Louise et Cie, Sole Society, Enzo Angiolini and others. ABG and DSW will focus on licensing and expanding the brands across a range of categories.
As part of the agreement, DSW will also buy the licensing rights for Jessica Simpson footwear as well as Lucky Brand and Max Studio footwear and handbags. The Ohio company will also acquire “joint venture participation” in the ED Ellen DeGeneres and Mercedes Castillo labels.
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Via:: https://footwearnews.com/2018/business/mergers-acquisitions/camuto-group-deal-dsw-abg-1202693741/