Designer Brands Will Come to Regret This Acquisition
In the year since Designer Brands (NYSE: DBI) acquired brand designer and developer Camuto Group for $375 million, fears that the footwear retailer would trip up its comeback have been realized.
Although the owner of DSW and other footwear and apparel licenses expected Camuto would not be quickly assimilated into its operations, after yet another poor quarterly performance last week, it's clear the problems at the manufacturing and design house run deeper than previously believed, and it's going to take a lot longer to fix this business.
Image source: Getty Images.
Source Fool.com
