Brown Shoes Has Completed The Acquisition Of 50% Stake In Edelman.

According to foreign media reports, Brown footwear industry BWS said on Monday that the company has completed its acquisition of the remaining 50% shares of Edelman Shoe Inc brand EdelmanShoeInc. (Edelman Shoe Inc), with its value of 39 million 600 thousand dollars in cash and stock.

Brown footwear company said the acquisition would help expand its products for customers. brand Combination. Brown shoes has its own product brands including Naturalizer, FrancoSarto and Dr.Scholl 1; s. Brown shoes bought 42.5% of Edelman's shares in 2007 and expanded its stake to 50% in 2008.

Brown footwear industry said Sam Edelman and Libby Edelman, the founder of Edelman brand, will remain the head of the Sam and Edelman department and marketing department. In midday trading, as of 12:54 pm Eastern time, Brown Footwear companies' stock prices rose 67 cents, or 4.49%, at $15.59 per share.