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ST. LOUIS–(BUSINESS WIRE)–

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Caleres (CAL) (caleres.com), a assorted portfolio of all-around cossack brands, today appear it has acquired Vionic Group for $360 million, accountable to assertive adjustments. The accretion of Vionic allows Caleres to abide to aggrandize its Cast Portfolio and gives it added admission to the growing a abundance cossack category.

“The accretion of Vionic is accession absurd befalling to add a growing cast – with able chump adherence and a solid cultural fit – to our Cast Portfolio,” said Diane Sullivan, CEO, admiral and administrator of Caleres. “The cast has already accurate to be a confusing accession to the industry, as the activating Vionic aggregation has attenuated proprietary technology with abundance and style. We’re attractive advanced to acknowledging the cast in their connected success and to administration our all-encompassing infrastructure, including our adeptness in artefact design, cast development and all-around sourcing.”

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Vionic abaft 12-month sales of about $180 actor reflect a circuitous anniversary advance bulk of added than 20% over the accomplished six years. The cast acquired about 25% of sales via ecommerce sites over the accomplished 12 months, while all-embracing sales contributed about 8% to absolute sales.

“Caleres is a abundant baton in the industry, and we are aflame to accompany their ancestors of outstanding brands. At Vionic, we claiming ourselves every day to reimagine appearance and science, in adjustment to accompany joy to people’s lives – starting with their anxiety – and we’re captivated to be aing a aggregation with a agnate purpose,” said Chris Gallagher, co-founder and CEO of Vionic Group. “We accept big affairs and alike bigger dreams and – with abutment from Caleres – we’ll be able to abide on that journey, as this aggregate creates abundant opportunities for our aggregation associates and our retail and business partners.”

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The accretion of Vionic Group is actuality adjourned through the company’s revolving acclaim agreement. The aggregation will accommodate added capacity apropos the accretion during its third division 2018 balance appointment alarm and will host an broker accident at the Vionic exhibit in New York on December 4. Wells Fargo Securities acted as the absolute banking adviser to Caleres, in affiliation with the acquisition, while Robert W. Baird & Co. acted on account of Vionic Group.

Safe Harbor Statement Beneath the Clandestine Securities Litigation Reform Act of 1995

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This columnist absolution contains assertive advanced statements and expectations apropos the company’s approaching achievement and the achievement of its brands. Such statements are accountable to assorted risks and uncertainties that could account absolute after-effects to alter materially. These risks accommodate (i) alteration chump demands, which may be afflicted by consumers’ disposable income, which in about-face can be afflicted by accepted bread-and-er altitude and added factors; (ii) rapidly alteration appearance trends and chump preferences and purchasing patterns; (iii) acute antagonism aural the cossack industry; (iv) political and bread-and-er altitude or added threats to the connected and ceaseless breeze of account from China and added countries, area the Aggregation relies heavily on third-party accomplishment accessories for a cogent bulk of its inventory; (v) adopted bill fluctuations; (vi) the adeptness to accurately anticipation sales and administer account levels; (vii) cybersecurity threats or added above disruption to the Company’s advice technology systems; (viii) chump absorption and added alliance in the retail industry; (ix) capricious challenges with acquisitions; (x) a disruption in the Company’s administration centers; (xi) changes to tax laws, behavior and treaties; (xii) the adeptness to recruit and absorb chief administration and added key associates; (xiii) acquiescence with applicative laws and standards with account to labor, barter and artefact assurance issues; (xiv) the adeptness to secure/exit leases on favorable terms; (xv) the adeptness to advance relationships with accepted suppliers; and (xvi) the adeptness to attract, retain, and advance acceptable relationships with licensors and assure our bookish acreage rights. The company’s letters to the Securities and Exchange Commission accommodate abundant advice apropos to such factors, including, after limitation, the advice beneath the explanation Risk Factors in Item 1A of the company’s Anniversary Report on Form 10-K for the year concluded February 3, 2018, which advice is congenital by advertence herein and adapted by the company’s Quarterly Letters on Form 10-Q. The aggregation does not undertake any obligation or plan to amend these advanced statements, alike admitting its bearings may change.

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About Caleres

Caleres is a assorted portfolio of all-around cossack brands. Our articles are accessible around everywhere – in the over 1,200 retail food we operate, in hundreds of above administration and specialty stores, on our branded e-commerce sites, and on abounding added third-party retail websites. Famous Cossack offers abundant accidental and able-bodied brands for the absolute ancestors with convenient, curated, affordable collections. Sam Edelman keeps alive women in footfall with the latest trends in a playful, amusing way. Naturalizer shoes are admirable from the central out, with affected artlessness and allegorical fit re-imagined for today’s consumer. Allen Edmonds combines old apple ability with new apple technology to actualize luxe cossack for the acute man who wants sophisticated, avant-garde classics. Rounding out our ancestors of brands are Vince, Franco Sarto, Dr. Scholl’s Shoes, LifeStride, Via Spiga, Diane von Furstenberg, Blowfish Malibu, Bzees, Carlos by Carlos Santana, Circus by Sam Edelman, Fergie and Ryka. Combined, these brands accomplish Caleres a aggregation with both a bequest and a mission. Our bequest is our added than 140 years of adroitness and our affection for fit, while our mission is to abide to affect bodies to feel good… anxiety first. Visit caleres.com to apprentice added about us.

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About Vionic

Vionic brings calm appearance and science, accumulation avant-garde biomechanics with the most coveted trends. As antecedents in bottom bloom with a all-around aggregation of experts abaft the brand, Vionic brings a beginning angle to stylish, admiring footwear. Featuring a advanced ambit of silhouettes, exceptional abstracts and anxious architecture for women and men, Vionic offers incomparable appearance and addictive support. The bifold gender brand’s vast alternative of active, accidental and dress styles, sandals, and slippers accompany advocate abutment to the best aspirational looks. Vionic has been featured in columnist including the awning of O, The Oprah Magazine, The Today Show, InStyle, Women’s Health, Redbook, Buzzfeed, Refinery29, Men’s Health, Travel Leisure and People. For samples or added advice about Vionic Cossack appointment vionicshoes.com.

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Alpine Investors, a San Francisco based clandestine disinterestedness close focused on Bodies First, has been an broker in Vionic back 2012.

View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20181018005873/en/

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