PARIS — French footwear brand Carel has bought the women’s shoe brand Accessoire Diffusion from retail group Vivarte as part of ongoing efforts to raise its profile and bolster its presence in France, the two companies said in a joint statement on Tuesday.
Financial details of the deal were not disclosed.
Founded by Jean-Paul Barriol in 1976, Accessoire Diffusion has annual sales of 4.6 million euros, or $5 million at current exchange rates. It runs two directly operated stores and 15 corners.
Carel has been undergoing a revamp since its acquisition in 2011 by a group comprising former Annick Goutal Parfums general manager Frédérique Picard, investment fund 123 Venture and independent investors.
Last year, the company bolstered its international distribution with a presence in concept stores including Opening Ceremony in the U.S., Smets in Belgium and Liger in Hong Kong.
Having collaborated in the past with designers including Karl Lagerfeld, Jean Paul Gaultier and Thierry Mugler, the brand has teamed up with rising talent Etienne Deroeux on a spring capsule collection. Carel is also relaunching its men’s brand, Carvil, with the appointment of artistic director Frank Charriaut.