February 5, 2023

Vybirai Ka

Specialists In Health

Designer Manufacturers Acquires Topo Athletic, Accelerating Owned Manufacturers in Main Shoe Gross sales Class

Designer Manufacturers Acquires Topo Athletic, Accelerating Owned Manufacturers in Main Shoe Gross sales Class

Newest Portfolio Addition Reinforces Profitable Model-Constructing Technique

COLUMBUS, Ohio, Dec. 19, 2022 /PRNewswire/ — Designer Manufacturers Inc. (NYSE: DBI) (the “Firm” and “Designer Manufacturers”), certainly one of the world’s largest designers, producers and retailers of footwear and equipment, right this moment introduced the acquisition of Topo Athletic (“Topo”). The transaction expands the Firm’s attain into the crucial efficiency athletic and out of doors footwear classes. Topo’s founder and CEO, Tony Submit, will stay with the Firm as CEO of Topo, and report back to Invoice Jordan, president of Designer Manufacturers.

Topo, a footwear class disrupter identified for its distinctive, award-winning match and really feel, brings Designer Manufacturers’ Owned Model enterprise instantly into the premium athletic class. Topo footwear, designed for operating, strolling, mountaineering and general consolation, is already acknowledged of their class throughout the U.S. and internationally. Led by founder Submit, Topo is poised for significant development with top-tier product, fame and distribution already in place. Previous to beginning Topo in 2012, Submit was senior vp of product and advertising at The Rockport Firm, then served as CEO of Vibram USA, managing each the U.S. sole enterprise and launching Vibram FiveFingers. This huge expertise and DNA for innovation makes Topo such a robust match for Designer Manufacturers’ personal revolutionary strategy to development. Topo additional diversifies Designer Manufacturers’ broader portfolio of Owned Manufacturers, which incorporates Vince Camuto, Jessica Simpson, Crown Classic, Combine No. 6, Fortunate Model and Kelly & Katie, comprising six of the highest 50 style manufacturers at Designer Manufacturers and can now additionally develop within the hyper-important athletic and athleisure house with Topo and the Firm’s beforehand introduced LeTigre acquisition.

“Topo represents one other thrilling development alternative for Designer Manufacturers and additional propels us to our purpose of doubling gross sales of our Owned Manufacturers by 2026,” mentioned Jordan. “Tony Submit’s visionary management reminds us why the most effective athletic footwear should ship a greater expertise, so our clients grow to be enthusiastic about our manufacturers. Designer Manufacturers continues to regulate its future with greater than 30 million clients in its loyalty applications, greater than 700 factors of distribution and three on-line platforms that whole greater than $1 billion in gross sales. Following our most up-to-date year-over-year quarterly gross sales improve of 25% in Owned Manufacturers and 33% inside our Direct-to-Client channels, we’re assured Topo will proceed to strengthen our Owned Manufacturers portfolio and assist prolong our attain world wide.”

“Topo’s give attention to serving to individuals obtain wholesome way of life targets aligns completely with Designer Manufacturers’ mission to encourage self-expression,” mentioned Submit. “We discovered synergy with their administration workforce from our first assembly. They perceive our model mission, they help our technique and focus round specialty retail they usually’re enthusiastic about our rising international footprint. Nothing actually modifications in our technique, distribution course or the administration workforce. Designer Manufacturers brings a deep set of sources that may assist Topo proceed to develop, innovate and ship a greater expertise for our clients for years to come back.”

The Consello Group served as monetary advisor, and Porter Wright Morris & Arthur LLP served as authorized advisor to Designer Manufacturers. Consensus served as monetary advisor, and Goodwin Procter served as authorized advisor to Topo. 

About Designer Manufacturers

Designer Manufacturers is without doubt one of the world’s largest designers, producers and retailers of essentially the most recognizable footwear manufacturers and equipment, reworking and defining the footwear {industry} by inspiring self-expression throughout each aspect of its enterprise. By its portfolio of world-class owned manufacturers, led by the industry-setting Vince Camuto model, Designer Manufacturers delivers on-trend footwear and equipment by means of its strong direct-to-consumer omni-channel infrastructure, that includes a billion-dollar digital commerce enterprise and almost 650 shops throughout the US and Canada. Its retailing operations underneath the DSW Designer Shoe Warehouse and The Shoe Firm banners ship present, in-line footwear and equipment from a lot of the largest nationwide manufacturers within the {industry} and maintain main market share positions in key product classes throughout Ladies’s, Males’s and Child’s within the US and Canada. Designer Manufacturers additionally distributes its owned manufacturers by means of choose wholesale relationships whereas leveraging its design and sourcing experience to construct non-public label product for nationwide retailers. Designer Manufacturers Inc. can be dedicated to being a distinction maker on the planet, taking steps ahead to advance variety, fairness, and inclusion within the footwear {industry} and supporting our international group and the well being of our planet by means of donating greater than six million pairs of footwear to the worldwide non-profit Soles4Souls. Extra data might be discovered at www.designerbrands.com.

About Topo Athletic

Topo Athletic creates footwear that honors the form and biomechanics of the human foot. Rising above the {industry}’s gimmicks and traits, Topo Athletic’s merchandise encourage instinctive and pure motion to assist ship a greater operating and health expertise. Headquartered in Framingham, MA, Topo was based in 2012 by Tony Submit – an {industry} veteran with over 35 years of shoemaking, advertising and aggressive operating expertise. For extra data, please go to www.topoathletic.com and observe on Fb, Instagram and Twitter @topoathletic.

Secure Harbor Assertion underneath the Personal Securities Litigation Reform Act of 1995

Sure statements on this press launch could represent forward-looking statements and are made pursuant to the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. You may determine these forward-looking statements by means of forward-looking phrases reminiscent of “outlook,” “may,” “believes,” “expects,” “potential,” “continues,” “could,” “will,” “ought to,” “would,” “seeks,” “roughly,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the destructive model of these phrases or different comparable phrases. These statements are primarily based on the Firm’s present views and expectations and contain identified and unknown dangers, uncertainties, and different elements that will trigger precise outcomes, efficiency, or achievements to be materially totally different from any future outcomes, efficiency, or achievements expressed or implied by the forward-looking statements. These elements embody, however usually are not restricted to: our means to efficiently combine acquired companies, reminiscent of Topo; dangers and uncertainties associated to the continuing coronavirus (“COVID-19”) pandemic, any future COVID-19 resurgence, and every other opposed public well being developments; dangers that current inflationary pressures, together with greater freight prices, may have on our outcomes of operations and buyer demand primarily based on pricing actions and working measures taken to mitigate the affect of inflation; unsure normal financial situations, together with inflation and provide chain pressures, home and international political and social situations and the potential affect of geopolitical turmoil or battle, and the associated impacts to client discretionary spending; our means to execute on our long-term strategic plans; our means to anticipate and reply to style traits, client preferences, and altering buyer expectations; our means to keep up sturdy relationships with our distributors, producers, licensors, and retailer clients; dangers associated to losses or disruptions related to our distribution programs, together with our distribution facilities and achievement middle and shops, whether or not on account of the COVID-19 pandemic, reliance on third-party suppliers, or in any other case; our reliance on our loyalty applications and advertising to drive visitors, gross sales, and buyer loyalty; dangers associated to cyber safety threats and privateness or knowledge safety breaches or the potential loss or disruption of our data programs; our means to guard our fame and to keep up the manufacturers we license; our competitiveness with respect to fashion, value, model availability, and customer support; dangers associated to our worldwide operations, together with worldwide commerce, our reliance on international sources for merchandise, publicity to political, financial, operational, and compliance and different dangers, and fluctuations in international foreign money trade charges; our means to adjust to privateness legal guidelines and laws, in addition to different authorized obligations; dangers related to local weather change and different company duty points; and uncertainties associated to future laws, regulatory reform, coverage modifications, or interpretive steering on current laws. Dangers and different elements that might trigger our precise outcomes to vary materially from our forward-looking statements are described within the Firm’s Annual Report on Kind 10-Okay for the fiscal yr ended January 29, 2022 and in our different filings with the Securities and Change Fee. All forward-looking statements communicate solely as of the time when made. Besides as could also be required by regulation, the Firm undertakes no obligation to replace or revise the forward-looking statements included on this press launch to mirror any future occasions or circumstances.

SOURCE Designer Manufacturers Inc.

Designer Manufacturers Acquires Topo Athletic, Accelerating Owned Manufacturers in Main Shoe Gross sales Class