DSW, Authentic Brands Team Up to Acquire Camuto for $375M

In The Daily Scoop by Lauren Parker, Accessories Magazine

Authentic Brands Group and DSW on Wednesday have purchased a majority stake in the intellectual property of the Camuto Group’s proprietary brands. Total consideration paid to the Camuto Group will be approximately $375 million, according to a DSW press release. DSW will contribute about $56 million to acquire a 40% stake in the intellectual property of Camuto Group’s proprietary brands (including Vince Camuto, Louise et Cie, Sole Society, CC Corso Como, Enzo Angiolini and others), and Authentic Brands Group will take the majority of 60%, the companies said.

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