After a deal, Canadian shoe company Aldo has acquired the footwear and accessories business of The Camuto Group, it is understood.
The deal follows on the heels of several other major mergers in the fashion space including Michael Kors’ recent acquisition of Jimmy Choo and Coach’s purchase of Kate Spade in May.
The Camuto Group was founded by the late Vince Camuto who also founded Nine West.
He also has a vast licensing business that also encompasses brands such as Jessica Simpson, Tory Burch and Lucky Brand.
