{"id":476349,"date":"2021-04-14T16:04:02","date_gmt":"2021-04-14T20:04:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\/"},"modified":"2021-04-14T16:04:02","modified_gmt":"2021-04-14T20:04:02","slug":"steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\/","title":{"rendered":"Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">LONG ISLAND CITY, N.Y., April  14, 2021  (GLOBE NEWSWIRE) &#8212; Steven Madden, Ltd. (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture. The European joint venture was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe.<\/p>\n<p align=\"justify\">Edward Rosenfeld, Chairman and Chief Executive Officer, commented, \u201cSince its formation nearly five years ago, our European joint venture has experienced strong double-digit percentage revenue growth each year, including a 21% revenue gain in 2020 despite the impact of COVID-19. We are pleased to take full ownership of our business in this critical market, and look forward to continued growth in the region as we capitalize on our strong momentum and digital-first positioning.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Steve Madden<\/strong>\n      <\/p>\n<p align=\"justify\">Steve Madden designs, sources and markets fashion-forward footwear, accessories and apparel for women, men and children. In addition to marketing products under its own brands including Steve Madden\u00ae, Dolce Vita\u00ae, Betsey Johnson\u00ae, Blondo\u00ae, GREATS\u00ae, BB Dakota\u00ae and Mad Love\u00ae, Steve Madden is a licensee of various brands, including Anne Klein\u00ae and Superga\u00ae. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden\u2019s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains, mass merchants and online retailers. Steve Madden also operates retail stores and e-commerce websites. Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including ready-to-wear, outerwear, eyewear, hosiery, jewelry, sunglasses, fragrance, luggage and bedding and bath products. For local store information and the latest Steve Madden booties, pumps, men\u2019s and women\u2019s fashion sneakers, sandals, dress shoes, boots, slippers and more, visit <u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yLKMwlluLzExZrwUM2hDzi1uJYq8Zsa08_NEbnmrwlsuxtkK6sVtXtggCMc5vX9cDcxHlsxP1TyNE3S4HITlY9rengmdfQokYRG0DFutxaU=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.stevemadden.com<\/a><\/u>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Contact: <\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Steven Madden, Ltd.<br \/>Director of Corporate Development &amp; Investor Relations<br \/>Danielle McCoy<br \/>718-308-2611<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1lSe5HTMKdFayolp7Y6tYoWjyyGtMI-YZFyZAe9dZPwxnT06dak_gymZwVpEJU3Wq3HKrX85mWU1WBmY9ixwxlp1MVnn1lmN39Mn2X3zwOerlH3ijsJPXp5O3mMV_eYV\" rel=\"nofollow noopener\" target=\"_blank\">InvestorRelations@stevemadden.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNjkxOSM0MTE5ODAyIzIwMDU0Nzc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2b247336-5aed-4d5b-8a8d-0644255f3c16\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONG ISLAND CITY, N.Y., April 14, 2021 (GLOBE NEWSWIRE) &#8212; Steven Madden, Ltd. (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture. The European joint venture was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. Edward Rosenfeld, Chairman and Chief Executive Officer, commented, \u201cSince its formation nearly five years ago, our European joint venture has experienced strong double-digit percentage revenue growth each year, including a 21% revenue gain in 2020 despite the impact of COVID-19. We are pleased to take &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-476349","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LONG ISLAND CITY, N.Y., April 14, 2021 (GLOBE NEWSWIRE) &#8212; Steven Madden, Ltd. (NASDAQ: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced that it has completed the acquisition of the 49.9% share that it did not already own of its European joint venture. The European joint venture was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. Edward Rosenfeld, Chairman and Chief Executive Officer, commented, \u201cSince its formation nearly five years ago, our European joint venture has experienced strong double-digit percentage revenue growth each year, including a 21% revenue gain in 2020 despite the impact of COVID-19. We are pleased to take &hellip; Continue reading &quot;Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T20:04:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNjkxOSM0MTE5ODAyIzIwMDU0Nzc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture\",\"datePublished\":\"2021-04-14T20:04:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\\\/\"},\"wordCount\":334,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxNjkxOSM0MTE5ODAyIzIwMDU0Nzc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/steve-madden-announces-the-acquisition-of-the-remaining-share-of-its-european-joint-venture\\\/\",\"name\":\"Steve Madden Announces the Acquisition of the Remaining Share of Its European Joint Venture - 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