Steve Madden Announces Acquisition Of Almost Famous; Acquisition Was Completed For $52M Cash, Subject To Working Capital Adjustment, Plus An Earn-out Provision
Portfolio Pulse from Benzinga Newsdesk
Steve Madden has announced the acquisition of Almost Famous for $52M in cash, subject to working capital adjustment, plus an earn-out provision. Almost Famous has been the exclusive licensee of Madden NYC apparel since its launch in 2022.
October 23, 2023 | 11:00 am
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Steve Madden's acquisition of Almost Famous could potentially increase its market share and revenues, given Almost Famous's exclusive license of Madden NYC apparel.
The acquisition of Almost Famous, which holds an exclusive license for Madden NYC apparel, could potentially increase Steve Madden's market share and revenues. This is a strategic move that could strengthen Steve Madden's position in the market.
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