Le Lézard
Classified in: Business
Subject: TNM

American Exchange Group to Acquire Luxury Footwear Brand, Aerosoles

NEW YORK, Jan. 19, 2022 /PRNewswire/ -- American Exchange Group, a multi division industry leader in accessories design, manufacturing and wholesale, today announced it has finalized an agreement to acquire the assets of luxury comfort footwear brand, Aerosoles. Together, the two companies will expand distribution channels and introduce Aerosoles to new categories and reach new audiences.

"This acquisition marks an exciting new chapter in the evolution of American Exchange Group. We look forward to supporting the future growth of this brand and are excited to welcome Aerosoles into our brand portfolio." says Alen Mamrout, Chief Executive Officer of American Exchange Group.

American Exchange Group acquires Aerosoles with the mission of harmonizing their modern, elevated core with broader commercial opportunities in distribution. The acquisition of Aerosoles will drive significant growth opportunities for the company as American Exchange Group introduces the brand to new categories, with a continued unwillingness to compromise on Aerosoles brand vision and quality control.

"Our strategy is to have the Aerosoles brand function as a separate division to ensure the focus on the core brand DNA that has made Aerosoles such a great name in the footwear category. We are pleased that the team from Aerosoles will be joining our organization to execute our vision." says Steve Velasquez, Chief Strategy Officer.

Aerosoles is currently sold at Nordstrom, Nordstrom Rack, Macy's, Saks OFF 5TH, DSW, Zappos, Belk, and aerosoles.com.

About American Exchange Group
American Exchange Group is an industry leader in accessories design and manufacturing. By facilitating distribution to major retailers worldwide for custom private label brands, exclusive licensed brands, and branded accessories including footwear, technology, watches, jewelry, outerwear, and handbags, American Exchange Group raises the bar by disrupting status quo pricing while staying at the forefront of trends.

About Aerosoles
Aerosoles is a leading global footwear company delivering high quality products with both fashion and performance to customers in over 40 countries around the world.

SOURCE American Exchange Group

These press releases may also interest you

at 18:55
Canadian Net Real Estate Investment Trust ("Canadian Net" or the "Trust") is pleased to announce the acquisition of four properties in Nova Scotia and Quebec. Total consideration paid was $18,800,000 (excluding transaction costs) and was settled in...

at 18:45
Excelerate Energy, Inc. (the "Company" or "Excelerate") today reported its financial results for the first quarter ended March 31, 2022. RECENT HIGHLIGHTS Reported Net Income of $12.8 million and Adjusted EBITDAR of $71.4 million(1) for the first...

at 18:43
Texas is the state with the most Fortune 500 companies, according to the 68th Fortune 500 annual list of the largest U.S. corporations, with 53 Fortune 500 corporate headquarters that call the Lone Star State home....

at 18:39
Youth retailer, Pacsun, has been fully embracing the metaverse as a major touchpoint to interact with its core Gen Z consumer. Catering to a fully digital generation, Pacsun understands that Gen Z values their virtual identities just as much as their...

at 18:36
Rowley Law PLLC is investigating potential securities law violations by Entasis Therapeutics Holdings Inc. and its board of directors concerning the proposed acquisition of the company by Innoviva, Inc. . Stockholders will receive $2.20 for each...

at 18:30
Vox Royalty Corp.  ("Vox" or the "Company"), a returns focused precious metals royalty company, is pleased to announce its operating and financial results for the first quarter ended March 31, 2022. All amounts are in U.S. dollars unless otherwise...

News published on 19 january 2022 at 17:25 and distributed by: