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Allen Edmonds sale not expected to impact jobs at local factory PDF Print E-mail
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Written by Mark Jaeger   
Wednesday, 14 December 2016 19:17

Port shoemaker purchased for $255 million by parent company of Famous Footwear

It was announced Tuesday that Allen Edmonds Shoe Corp., the Port Washington-based maker of high-end footwear, has been purchased by Caleres Inc. for $225 million in cash and revolving credit.

The transaction was completed Tuesday afternoon, and employees were informed later that day.

Company officials assured its workers, including 750 in the U.S. — including about 450 in Port Washington — and about 300 overseas, that their jobs would be retained.

 
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