Steve Madden Acquires Private Label Apparel Supplier

Apparel and footwear designer Steven Madden, Ltd. has completed the acquisition of Almost Famous, which designs women’s apparel for its brand as well as retail private label programs.

Almost Famous has also been the exclusive licensee of Madden NYC apparel since its launch in 2022. The company distributes its products to wholesale customers, including mass merchants, department stores, off-price retailers and chain stores within the United States. 

For the 12 months ended September 30, Almost Famous had revenue of approximately $163 million. The acquisition was completed for $52 million in cash, subject to a working capital adjustment, plus an earn-out provision based on future financial performance.

“With its expertise in junior apparel and strength in value-priced channels, Almost Famous is a strong complement to our existing Steve Madden apparel business, which is focused on contemporary styling and is primarily distributed in department stores and e-commerce retailers,” said Edward Rosenfeld, chairman and CEO of Steve Madden.

Peter Kossoy and Robbie Regina, former owners and co-presidents of Almost Famous, added, “We are excited to join the Steve Madden family. We are proud of what we’ve built at Almost Famous and look forward to partnering with Steve Madden to take the business to new heights in the coming years.”