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Stock Market & Financial Investment News

News Breaks
January 7, 2014
09:36 EDTSHOOSteven Madden may be seeing near-term weakness, says Detwiler Fenton
Detwiler Fenton said industry feedback indicates Steven Madden brand has had difficulty identifying new trends in the market and lacks new product to to take the place of maturing trends.
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September 30, 2014
07:33 EDTSHOOSteven Madden to acquire Mexico licensee
Steve Madden announced that it has signed a definitive agreement to acquire Trendy Imports S.A. de C.V., Comercial Diecisiette S.A. de C.V., and Maximus Designer Shoes S.A. de C.V., together, known as “SM Mexico”. As Steve Madden’s Mexican licensee, SM Mexico markets Steve Madden products in Mexico in the wholesale channel as well as in Steve Madden-branded retail stores. The purchase is a cash transaction for approximately $15M, subject to a working capital adjustment, plus repayment of a short term loan and an earn-out provision based on future financial performance. The transaction is expected to close in January 2015 and is expected to be accretive, contributing approximately 2c-3c in diluted EPS in 2015.

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