World Footwear

Companies

Aldo Camuto deal is off

Nov 3, 2017 Canada
Aldo Camuto deal is off
The acquisition of the footwear business of the Camuto Group by footwear company Aldo is not progressing. Aldo announced it saying both parties have decided not to pursue. Both brands plan to continue working as partners
Back in August the Aldo Group announced plans to acquire Camuto Group’s footwear and accessories businesses. Now, "after careful consideration and thoughtful discussion, both parties mutually decided not to pursue the transaction".

In a statment issued by Aldo, it was confirmed that the deal is off. Instead, both brands will continue building their businesses autonomously and focus on investments being made to strengthen and grow their respective companies. The possibility to work on future partnerings is open.

David Bensadoun, Aldo Group’s Chief Executive Officer, commented: “The Aldo Group continues to be focused on growth. Despite not moving forward with the acquisition, Camuto Group will become a key strategic partner for us. Our two organizations have complementary strengths, capabilities and reach, and we look forward to partnering in ways that will grow both businesses.”

Bensadoun continued: “We built some great relationships with the Camuto team throughout this process. After several months working closely together there’s no denying that we share similar cultures and values."

Related Events

  • Jan
    24
    Jan 24-Jan 26, 2025 | Saskatoon, Canada

    Midwest Buy Mart

  • Feb
    4
    Feb 4-Feb 6, 2025 | Drummondville, Quebec, Canada

    ChauCASE

  • Feb
    23
    Feb 23-Feb 25, 2025 | Saskatoon, Canada

    Trends Apparel Saskatoon

  • Mar
    2
    Mar 2-Mar 4, 2025 | Edmonton, Canada

    Trends Apparel Edmonton

Related Organizations

  • LLHA - Luggage, Leathergoods, Handbags & Accessories Association of Canada

    LLHA - Luggage, Leathergoods, Handbags & Accessories Association of Canada

    Canada
  • Retail Council of Canada

    Retail Council of Canada

    Canada
  • Western Canadian Shoe Association

    Western Canadian Shoe Association

    Canada
  • SMAC - Shoe Manufacturers Association of Canada

    SMAC - Shoe Manufacturers Association of Canada

    Canada