Footwear firm Charles David of California has been acquired by US shoe business New York Transit, Inc.

The acquisition, for an undisclosed sum, will see Charles David join New York Transit's portfolio of footwear brands that include Ann Marino, Will-Rich, Taryn Rose, and Adrienne Vittadini.

The acquisition, financial advisory firm Sage Group said, will accelerate the growth of Charles David, as well as add new categories and enhance distribution.

Furthermore, the group will be able to leverage New York Transit's strong networks in Asia and Europe to assist with sourcing, production and merchandising, and to bolster and augment its own infrastructure, it said.