Caleres Buys Allen Edmonds for $255 Million

By Taylor Knight

St. Louis-based Caleres, which owns shoe brands like Famous Footwear and Vince, has acquired Allen Edmonds from Brentwood Associates for $255 million. The acquisition of Allen Edmonds, a men’s premium leather footwear and accessories retailer, is a strategic expansion for Caleres, according to the company.

Total Retail’s Take: During its time as owner, Brentwood Associates grew Allen Edmonds’ brick-and-mortar footprint from 45 stores to 70, and increased the brand's e-commerce business by 20 percent per year. Allen Edmonds seems like it will fit right in with Caleres’ — known as Brown Shoe Co. until last year — portfolio of shoe brands.

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Taylor Knight Author's page Taylor Knight is an associate content editor for Target Marketing and Total Retail. She enjoys writing and creating video content to interact with an audience.