Designer Brands Acquires Topo Athletic, Accelerating Owned Brands In Leading Shoe Sales Category
Dec 19, 2022•over 2 years ago
Acquiring Company
Designer Brands
Acquired Company
Topo Athletic
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.
M&A Insights
Based on deal dataIntegration 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