By  on August 15, 2014

Steve Madden LTD. is on an acquisition spree, and planning on more deals ahead.

The footwear and accessories firm’s newest baby is Dolce Vita Holdings Inc., which it acquired for $60.3 million in cash, subject to a working capital adjustment and an earn-out provision based on future financial performance. The company is not disclosing the terms of the earn-out agreement, but they typically run from two to five years. The company is also projecting that the deal will be modestly accretive in fiscal 2015, but dilutive to earnings per share in fiscal 2014 by 2 cents to 3 cents.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus