• Aldo and Camuto Merger Aims to Create Footwear Powerhouse

    16 days ago - By WWD

    Aldo and Camuto are hoping size equals strength.
    On Wednesday, Aldo Group, based in Montreal, reached an agreement to acquire the footwear and accessories business from Camuto Group, based in Greenwich, Conn. Although the purchase price was not disclosed, the Camuto footwear and accessories business is believed to have fetched about $250 million.
    “It's a fair price, [although] it seems low,” one observer said.
    A financier said the transaction needed to get done “because there really wasn't that much more that could be done to grow the business in its current format.” The source was...
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  • Consolidation Nation: ALDO Group to Acquire Camuto Group

    16 days ago - By Accessories Magazine

    It's officially the summer of consolidation. First came the Coach/Kate Spade merger, then Michael Kors/Jimmy Choo. Today, ALDO joins the club, announcing that it has entered into an agreement to acquire Camuto Group‘s footwear and accessories business. While the Camuto family will continue to own and operate its apparel business,...
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