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Designer Brands Acquires Topo Athletic, Accelerating Owned Brands In Leading Shoe Sales Category

Dec 19, 2022over 2 years ago

Acquiring Company

Designer Brands

Acquired Company

Topo Athletic

ColumbusRetailFashion

Description

Designer Brands Inc. (NYSE: DBI) (the "Company" and "Designer Brands"), one of the world's largest designers, producers and retailers of footwear and accessories, today announced the acquisition of Topo Athletic ("Topo"). The transaction expands the Company's reach into the critical performance athletic and outdoor footwear categories. Topo's founder and CEO, Tony Post, will remain with the Company as CEO of Topo, and report to Bill Jordan, president of Designer Brands.

Company Information

Company

Designer Brands

Location

Columbus, Mississippi, United States

About

Designer Brands Inc. is a retail company focused on owned and licensed brands in the footwear industry. The company has a diverse and complementary brand portfolio to meet diverse and ever-changing consumer preferences.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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