Exclusive Advisor to Caleres on Sale of Shoes.com
Caleres (formerly Brown Shoe), appointed Financo as its advisor for the divestiture of Shoes.com, one of the largest pure-play e-commerce retailers of footwear. Caleres divested Shoes.com to focus on its owned brands rather than being an Internet retailer of 3rd party brands.
Financo managed an auction resulting in the sale of Shoes.com to SHOEme. SHOEme is a leading online retailer in North America that is re-defining the footwear shopping experience by connecting consumers with premium footwear brands.
“Financo provided consistently thoughtful advice and played an integral role in positioning Shoes.com optimally in the market, resulting in a great new owner and future for Shoes.com.”
– Diane Sullivan, CEO, Brown Shoe Company, Inc.