Allen Edmonds sold to Caleres for $255 million

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Allen Edmonds a brand we covered in the past has been acquired by Caleres, a company that also owns Famous Footwear. Allen Edmonds previously was rumored to be acquired by Men’s Warehouse before it was snapped up by Los Angeles-based private equity firm Brentwood Associates. Paul Graangard will continue as it’s CEO of the company. The US employees that the company employs will continue to work here. As you know Allen Edmonds is one of the last shoe companies that still manufacture in the U.S.

via Biztimes