M&A Deal Summary

Steve Madden Acquires The Topline

On May 23, 2011, Steve Madden acquired apparel/textiles company The Topline for 55M USD

Acquisition Highlights
  • This is Steve Madden’s 3rd transaction in the Apparel/Textiles sector.
  • This is Steve Madden’s 2nd largest (disclosed) transaction.
  • This is Steve Madden’s 3rd transaction in the United States.
  • This is Steve Madden’s 1st transaction in Washington.

M&A Deal Summary

Date 2011-05-23
Target The Topline
Sector Apparel/Textiles
Buyer(s) Steve Madden
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

The Topline

Bellevue, Washington, United States
The Topline Corporation (“Topline”), is a designer, producer, and marketer of private label and branded footwear.

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Buyer(S) 1

Buyer

Steve Madden

Long Island City, New York, United States

Category Company
Founded 1990
Sector Apparel/Textiles
Employees2,900
Revenue 2.0B USD (2023)
DESCRIPTION

Steve Madden is a designer and marketer of the company's trendsetting shoes. Steven Madden was founded in 1990 and is based in Long Island City, New York.


DEAL STATS #
Overall 3 of 10
Sector (Apparel/Textiles) 3 of 10
Type (Add-on Acquisition) 3 of 9
State (Washington) 1 of 2
Country (United States) 3 of 9
Year (2011) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-08 Betsey Johnson

Rancho Dominguez, California, United States

Betsey Johnson is a premier designer, marketer, retailer and wholesaler of women's contemporary apparel, accessories and related products under the Betsey Johnson brand. Betsey Johnson markets its products primarily through 48 company owned retail stores, as well as through over 600 specialty boutiques and better department stores (including Bloomingdale's, Macy's, Neiman Marcus, and Nordstrom). The Company also licenses, under the Betsey Johnson brand, a portfolio of contemporary merchandise, including: handbags, footwear, lingerie, and fragrances.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-26 Cejon

Bayonne, New Jersey, United States

Cejon is a designer and marketer of cold weather accessories, fashion scarves, wraps and other trend accessories.

Buy $30M