News

Brown Shoe acquires outstanding stake in Edelman Shoe

07/06/2010

Brown Shoe Company has acquired the remaining 50% interest in designer and marketer of fashion footwear Edelman Shoe from the company’s founders, Sam Edelman and Libby Edelman. Under the agreement, which closed on June 4, Brown Shoe will acquire the outstanding shares of Edelman Shoe for $39.6 million through a mix of cash and stock.

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