DSW, PE firm spend $375M for iconic Greenwich brand
Shoe “warehouse” retailer DSW and a New York City private equity investor are acquiring Camuto Group, with plans to maintain the footwear firm’s main office in Greenwich.
DSW and Authentic Brands Group are paying $375 million for Camuto Group, which was created in 2001 by the late Vince Camuto and which is run today by CEO Alex Del Cielo.
The company sells footwear under the Vince Camuto brand as well as Jessica Simpson, Lucky Brand and others. In addition to its Greenwich headquarters, Camuto Group has a distribution center in New Jersey and additional operations in China and Brazil.
Camuto created the company in 2001 on the heels of building Nine West into a global brand alongside co-founder Jerome Fisher. Camuto died in January 2015 in Greenwich of complications from prostate cancer.
Alex.Soule@scni.com; 203-842-2545; @casoulman