Announced
Completed
Financials
Sources
Tags
Majority
United States
Domestic
Acquisition
Completed
footwear brand
Footwear
Single Bidder
Friendly
Private
Synopsis
Elan Polo International, an international organization that designs, sources and delivers millions of men's, women's and children's shoes to retailers around the world, completed the acquisition of 65% stake in DVS Footwear, a global footwear brand dedicated to inspiring youth to have fun and always push forward, from Sequential Brands for $2m. The sale comes amid reports in mid-June that Sequential Brands was exploring filing for bankruptcy protection to divest its portfolio of brands or sell the company.
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