US: Goldner Hawn buys majority of Allen-Edmonds
Private-equity firm Goldner Hawn Johnson & Morrison has made a majority equity investment in Allen-Edmonds Shoe Corporation, a manufacturer and retailer of luxury, branded men's footwear and accessories.
Goldner will partner with the company's current owners and management team. Managing director Michael T Sweeney said: "The quality behind every aspect of Allen-Edmonds made the company very attractive to us.
"Our philosophy is to invest in established middle-market companies located in the Midwest with strong management and help them grow to the next level. Allen-Edmonds is a perfect fit."
Allen-Edmonds' chairman John Stollenwerk added: "Bright days lie ahead for Allen-Edmonds. Goldner Hawn is an ideal partner based on their demonstrated success in taking privately-held companies to the next stage by devoting the talent and resources to grow brands while maintaining strong cultures of quality and customer service."
The two companies have not disclosed the financial terms of the deal.
- Three tipping points for RFID in fashion
- Capacity building key to Myanmar momentum
- Cotton “too diverse” for fixed sustainability plan
- Apparel buyers point to potential in Africa
- China undisputed giant of garment exports
- Wal-Mart silent on Rana Plaza lawsuit
- SOURCING: Global sourcing snapshots launched
- VF Corp lifts outlook despite Q1 profit fall
- Garment group reiterates labour rights commitment
- Chinese apparel counterfeit groups identified