Designer Brands completes Keds acquisition, plans Hush Puppies license in US/Canada

Designer Brands Inc.

Acquired Keds (including Pro-Keds and e-commerce) from Wolverine Worldwide; expands owned brand portfolio into casual/athleisure and kids footwear.
Working to finalize exclusive Hush Puppies license for US and Canada, targeting effective later in fiscal 2023; builds on existing DSW distribution.
Keds acquisition adds large international distribution network; DSW was already largest wholesale customer of Keds.
Owned Brands strategy aims to double sales by 2026; recent additions include Le Tigre and Topo Athletic.

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