I believe that our founder, Vince Camuto, would be excited about the transaction and view the opportunity as a way to extend the company’s reach and realize his vision with an organization he always respected,” Del Cielo added. Immediate access to a talent base in design, sourcing, marketing and sales to support the growth of DSW’s exclusive brands over time. Substantial growth in Camuto’s third-party licensing and international distribution business in partnership with ABG;

Founded in 2001, the Camuto Group is a legendary footwear and accessories organization best known for the eponymous Vince Camuto brand. Today, Vince Camuto comprises key categories including footwear, fragrance, apparel, handbags and accessories and can be found in over 8,000 retail locations including department stores and specialty accounts. We are thrilled to welcome the Camuto Group to the ABG family and forge a long-term relationship with DSW,” said Jamie Salter, chairman and chief executive officer of Authentic Brands Group. “This strategic arrangement preserves the Camuto Group operation, which will continue to service its current footwear partners, and provides a robust infrastructure for new brands and growth. In addition, our partnership with DSW links ABG to a footwear authority whose sourcing and manufacturing expertise will extend across our portfolio.”

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DSW Inc. will fund its portion of the transaction through current cash and its existing credit facility. The transaction, which has been approved by the DSW Inc. Board of Directors, is subject to customary closing conditions and is expected to close at the beginning of the company’s fiscal fourth quarter. All Hart-Scott-Rodino Act waiting periods applicable to the transaction have expired and no further merger control clearances are required The Camuto Group will maintain its existing Connecticut headquarters and will manage its dedicated wholesale and third-party design relationships independently of DSW Inc’s retail business. Camuto Group’s Chief Executive Officer Alex Del Cielo will continue to lead the organization. As part of the agreement, ABG will partner with DSW Inc. to acquire the intellectual property of Camuto Group’s proprietary brands, taking the majority stake of 60 percent and DSW Inc. taking the balance of 40 percent. Brands include Vince Camuto, Louise et Cie, Sole Society, Enzo Angiolini, and others. The partnership will focus on licensing the brands across existing lines in footwear, handbags and jewelry, and new category development with a focus on building out each brand’s lifestyle offerings. A strategic partnership with ABG that leverages their expertise in brand management and marketing across various brands and platforms; Vince Camuto is a brand in the women's lingerie, sleep & lounge industry, offering a wide range of heeled sandals, bras, and panties for women to its customers.

We found that most of the Vince Camuto products are manufactured by Vince Camuto Women's Footwear. The manufacturer provides Vince Camuto with a steady supply of products, and they have a good cooperative relationship with each other. A healthy brand portfolio with attractive growth prospects in wholesale and direct-to-consumer that can leverage DSW’s expertise and infrastructure;The partnership with DSW and ABG creates an unmatched opportunity for the Camuto Group to expand the platform for our leading lifestyle brands,” said Alex Del Cielo, chief executive officer of Camuto Group. “By leveraging DSW’s resources, we will strengthen our wholesale business and bring to market an exciting and world-class, direct-to-consumer experience that will grow our brand equity and customer demand across additional points of sale. I believe our founder Vince Camuto would be as excited about the transaction as we are and view the opportunity as a way to extend the company’s reach and realize his vision.”