The owner of a wide portfolio of footwear brands, such as Famous Footwear, Sam Edelman and Franco Sarto, has acquired Allen Edmonds from Brentwood Associates for 255 million US dollars, subject to certain adjustments
The Pennsylvania-headquartered company triumphed at the auction for Sports Authority Holdings Inc.’s brand name and intellectual property rights with a bid of 15 million US dollars
The seller, Gousson, an Italian company controlled by Diego and Andrea Della Valle, will reinvest 207.5 million euros in Tod’s through a reserved capital increase