Advance Capital Partners-backed Mass to acquire Leder & Schuh.

Advance Capital Partners-backed Mass, a footwear retailer, agreed to acquire Leder & Schuh, a footwear retail company. Financial terms were not disclosed. “Our goal is to make the shoe trade fit for the future and create a stable basis for sustainable growth. With Mass, we will gain a strong, experienced partner who shares our vision, while Advance Capital Partners will provide us with the financial stability essential for our continued development. I am very much looking forward to embarking on this journey together and to bringing new impetus to the industry,” Armin Weger, Leder & Schuh CEO.