The Consello Group acted as financial advisor to Designer Brands, one of the world’s largest designers, producers and retailers of footwear and accessories, in connection with its acquisition of performance athletic and outdoor footwear company, Topo Athletic.
Topo further diversifies Designer Brands’ broader portfolio of Owned Brands, which includes Vince Camuto, Jessica Simpson, Crown Vintage, Mix No. 6, Lucky Brand and Kelly & Katie, comprising six of the top 50 fashion brands at Designer Brands, and will now also grow in the hyper-important athletic and athleisure space with Topo.
Terms of the deal were not disclosed.
The Consello Group is a financial services advisory and strategic investing platform. At Consello we invest capital to grow companies, and we execute for our banking clients across industries. We also offer business development services to help companies grow and a digital assets advisory business to help companies participate in the global digital financial services ecosystem. Consello offers these four distinct but integrated lines of businesses all on one platform: Investing, Digital Assets Advisory, Growth and Business Development, and Merchant Banking and M&A Advisory.