American dress shoe company Allen Edmonds explores sale of business

By IVCPOST Staff Reporter

Jul 17, 2013 10:10 AM EDT

Allen Edmonds, a men's dress shoe corporation, was exploring a possible sale of the company. The information came from two people acquainted with the matter.

Goldner Hawn Johnson Morrison, a private equity firm, controlled Allen Edmonds. The Port Washington, Wisconsin-headquartered corporation hired Robert W. Baird & Co to manage the process of the sale. The sources said that the deal could appraise the corporation at US$150 million to US$200 million.

Allen Edmonds was founded in 1992. It sold shoes by means of department stores like Macy's Inc and Nordstrom Inc. It also utilized 38 company-owned retail outlets to sell its shoes. Allen Edmonds was one of the few outstanding shoes companies in America. Its shoes were handcrafted through a 212-step production procedure.

In 2006, Goldner Hawn Johnson Morrison, a Minneapolis-based firm purchased the company. Goldner Hawn could not be reached for a statement regarding the matter. Baird refused to give a comment.

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