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New Deal


Announced

Completed

Steve Madden completed the acquisition of Almost Famous for $52m.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United States

Acquisition

Completed

Friendly

Single Bidder

women’s apparel

Clothing and Accessories

Majority

Private

Synopsis

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Steve Madden, a designer and marketer of fashion footwear, accessories and apparel, completed the acquisition of Almost Famous, a designer and marketer of women’s apparel, for $52m. "We are pleased to further enhance our apparel platform with the acquisition of Almost Famous. With its expertise in junior apparel and strength in value-priced channels, Almost Famous is a strong complement to our existing Steve Madden apparel business, which is focused on contemporary styling and is primarily distributed in department stores and e-commerce retailers," Edward Rosenfeld, Steve Madden Chairman and CEO.

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