Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture
LONG ISLAND CITY, N.Y., April 14, 2021 (GLOBE NEWSWIRE) -- Steven Madden, Ltd. (NASDAQ:SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture. The European joint venture was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. Edward Rosenfeld, Chairman and Chief Executive Officer, commented, "Since its formation nearly five years ago, our European joint venture has experienced strong double-digit percentage revenue growth each ye
