Steve Madden announces acquisition of Blondo
The famous US-based designer of fashion footwear announced that it has acquired the intellectual property and related assets of Blondo, a fashion-oriented footwear brand specializing in waterproof leather boots
Founded over 100 years ago, Blondo products are sold to wholesale customers, including department stores and specialty boutiques in both the US and Canada, and online at www.blondo.ca. Blondo markets products under its owned brands which include Blondo, BlondoSpor, Be by Blond, AquaProtect, Faber, StudioB Blond, College and Aqua Colleg, as well as under retailer private labels.
According to a communication issued by Steve Madden: “Blondo’s trailing twelve month net sales as of November 30, 2014 were approximately 25 million US dollars”.
Blondo was acquired from from Regence Footwear Inc. and 3074153 Canada Inc. and the terms of the transaction were not disclosed.
Edward Rosenfeld, Chairman and Chief Executive Officer, commented: “We are pleased to complete the acquisition of Blondo, a brand known for footwear that marries fashion with function. Blondo adds authentic weather-resistant footwear collections that complement the Steve Madden portfolio. By leveraging our proven business model and established infrastructure, we believe there is significant opportunity to expand the Blondo business globally.”
According to a communication issued by Steve Madden: “Blondo’s trailing twelve month net sales as of November 30, 2014 were approximately 25 million US dollars”.
Blondo was acquired from from Regence Footwear Inc. and 3074153 Canada Inc. and the terms of the transaction were not disclosed.
Edward Rosenfeld, Chairman and Chief Executive Officer, commented: “We are pleased to complete the acquisition of Blondo, a brand known for footwear that marries fashion with function. Blondo adds authentic weather-resistant footwear collections that complement the Steve Madden portfolio. By leveraging our proven business model and established infrastructure, we believe there is significant opportunity to expand the Blondo business globally.”