The Aldo Group Inc. is acquiring Camuto Group for its footwear and accessories businesses. For Aldo Group, the deal enhances the buyer’s product capabilities and distribution reach with a wider selection of footwear, handbags, and accessories. Financial terms of the deal were not disclosed.
Camuto Group is a family business that designs, manufactures and distributes women’s fashion footwear and clothing materials. Founded by Vince Camuto, the Greenwich, Connecticut-based target produces a number of clothing collections, including the eponymous Vince Camuto shoe and clothing name brand, for the fashion retail industry. In 2016, the target added Sole Society to its stable of brands. Camuto Group also holds the footwear license for the Jessica Simpson brand, and the footwear and handbag licenses for the Lucky Brand and ED Ellen DeGeneres brands. Ann Taylor, Tory Burch, All Saints, Lord & Taylor, and J. Crew sell the Camuto Group fashion items. The Camuto family will continue to own and operate its portfolio of branded apparel businesses.