Dive Summary:

• Men’s luxury footwear company Allen Edmonds has agreed to a buyout from private equity firm Brentwood Associates.
• Despite the acquisition, Allen Edmonds will remain an independent and private company and current executive leadership will remain in place.
• Allen Edmonds currently offers upscale men’s shoes at over 32 retail shops across the U.S. and luxury retailers worldwide.

Dive Insight:

Allen Edmonds gained a strong following after supplying shoes to the U.S. Army and Navy during World War II. The company is part of a minority of shoemakers that continue to produce their footwear domestically, and it appears to be staying intact for the most part. Still, the buyout means that there will be new owners, and that means there is potential for unforeseen changes after the deal goes through.