Steven Madden, Ltd. acquired 50.1% stake in four Steve Madden stores in South Africa from The House of Busby Ltd.
October 31, 2014 at 09:30 am IST
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Steven Madden, Ltd. (NasdaqGS:SHOO) acquired 50.1% stake in four Steve Madden stores in South Africa from The House of Busby (Pty) Ltd. during the third quarter ending September 30, 2014. During the year ended December 31, 2014, Steven Madden invested $0.14 million in acquisition.
Steven Madden, Ltd. (NasdaqGS:SHOO) completed the acquisition of 50.1% stake in four Steve Madden stores in South Africa from The House of Busby (Pty) Ltd during the third quarter ending September 30, 2014.
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
STEVEN MADDEN, LTD. 
