From an iconic American brand joining one of the largest footwear conglomerates, to fashion groups exploring new ways to go digital, 2016 saw the footwear industry go through many transitions and acquisitions. Check out some of this year’s highlights below.
Shiekh Shoes Buys Karmaloop
West coast footwear retailer Shiekh Shoes acquired e-commerce retailer Karmaloop in March for an undisclosed amount.
Iconix Brand Group Acquires Iconix China
Iconix Brand Group acquired the entirety of Iconix China from their partner Novel Fashion Brands Limited, which sold their share for $56.4 million in March.
Camuto Group Acquires Majority Stake in Sole Society
The Camuto Group bought women’s apparel and footwear label Sole Society in August, marking the first online-focused acquisition for the Camuto Group solidifying the company’s desire to develop its digital presence.
Differential Brands Group Buys Swims
Differential Brand Group bought Scandinavian lifestyle brand, ‘Swims,’ in July, marking the brand’s first omnichannel ‘Premium Plus’ program acquisition.
UBM Acquires Business Journals Inc.
Magic Marketplace owner, UBM, acquired Business Journals Inc., the producer of Edit, Fame, Moda, Mrket and Stitch for $69 million in cash in April.
Caleres Acquires Allen Edmonds
Caleres bought men’s heritage footwear brand Allen Edmonds from Brentwood Associates for $255 million in December.