Camuto Group news and archive

Designer Brands reaffirms full year guidance

Designer Brands’ first quarter net sales increased 0.6 percent to 746.6 million dollars, while comparable sales decreased by 2.5 percent. Reaffirming its guidance for the full year, the company said net sales growth is expected to be in low-single digits and adjusted diluted EPS is expected to range between 70 cents to 80 cents. "This quarter,...

Business

Designer Brands names two new executive appointments

US fashion retailer Designer Brands has announced two new executive appointments as it pushes forward with its focus on its omnichannel capabilities. Designer Brands vice chairman Debbie Ferrée has been appointed the additional role of president of Camuto Group, a position she has held on an interim basis since August 2020. In her new role, Ferr...

Business

Designer Brands Q1 comparable sales up 52.2 percent

For the first quarter, Designer Brands Inc. reported net sales increase of 45.6 percent to 703.2 million dollars compared to the same period last year. The company’s comparable sales increased 52.2 percent versus the 42.3 percent decrease for the same period last year. Commenting on the first quarter performance, Roger Rawlins, the company’s...

Business

Sequential renews partnership with Camuto for Jessica Simpson footwear business

Sequential Brands Group, Inc. has signed a long-term licensing partnership renewal with Camuto Group, a footwear and accessory designer and developer, which is now owned by DSW Inc. Under the new partnership agreement, Camuto, the company said, will continue to develop Jessica Simpson’s footwear business, which is currently sold at retail stores...

BusinessFeatured

DSW and Authentic Brands Group complete acquisition of Camuto Group

DSW Inc. has completed its previously announced acquisition of the operations of Camuto Group, known for its Vince Camuto brand and the footwear licenses of Jessica Simpson and Lucky Brand. Additionally, DSW and Authentic Brands Group LLC (ABG), have completed their acquisition of several intellectual property rights from the Camuto Group under...

Business

Ariel Chaus repurchases Bernard Chaus Inc from Camuto Group

Ariel Chaus, current CEO of Bernard Chaus Inc. (BCI) is repurchasing 100 percent of BCI's shares from Camuto Group to reclaim full ownership of the brand. In addition, the company said, Bernard Chaus is partnering with Authentic Brands Group (ABG) on a shared ownership interest in the intellectual property of the BCI brands. Additionally, the...

BusinessFeatured

Aldo Group calls off Camuto Group merger

Aldo Group has confirmed that they are not moving forward with their plans to acquire Camuto Group’s footwear and accessories business, after “both parties mutually decided not to pursue the transaction,” the Canadian footwear company said in a statement. The proposed acquisition, which was announced in August, was part of Aldo’s expansion plans...

BusinessFeatured

Aldo to acquire Camuto shoes

Canadian footwear company Aldo has announced that it has entered into an agreement to acquire Camuto Group's footwear and accessories businesses, for an undisclosed amount. The move is part of Aldo group’s continued expansion plans and it is hoped that this acquisition will “significantly increase both companies' capabilities and reach”, as well...