Camuto Acquires Majority Ownership Of Sole Society

(RTTNews) - Camuto Group announced the acquisition of Sole Society. As part of Camuto Group's focus on digital innovation, the company has acquired the majority stake in Sole Society with the strategy of enhancing category offerings and continuing to build on the strong accessories platform through extensions in apparel and other key classifications.

In addition, the Sole Society brand will be developed for global wholesale opportunities in several categories. The acquisition will also expand Camuto Group's ecommerce footprint across a variety of brands.

Nordstrom (JWN) will continue to carry Sole Society merchandise at Nordstrom stores and Nordstrom.com and will remain a minority owner.