M&A
confidence high
sentiment positive
materiality 0.75
Steve Madden acquires Almost Famous for $52M; adds apparel revenue of $163M
STEVEN MADDEN, LTD.
- Purchase price $52M cash plus earn-out based on EBIT targets through Sep 2027.
- Almost Famous had $163M revenue in 12 months ended Sep 30, 2023.
- Almost Famous is women's apparel designer/marketer, exclusive licensee of Madden NYC apparel.
- CEO Rosenfeld says acquisition enhances apparel platform, complementing existing business.