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Allen Edmonds Appreciation Thread - Page 1672

post #25066 of 49571
Quote:
Originally Posted by Septimus View Post

http://www.reuters.com/article/2013/07/17/us-allenedmonds-sale-idUSBRE96G0OX20130717

Quote:
(Reuters) - Men's dress shoe company Allen Edmonds is exploring a sale of the company, according to two sources familiar with the matter.

The Port Washington, Wisconsin-based company, controlled by private equity firm Goldner Hawn Johnson Morrison, has hired Robert W. Baird font-size:14px;line-height:1.6;font-family:arial, helvetica, sans;">A deal could value the company at $150 million to $200 million, the sources said.



Founded in 1922, Allen Edmonds sells its shoes through department stores like Nordstrom Inc (JWN.N) and Macy's Inc (M.N), as well as 38 company-owned retail stores. One of the few remaining American shoe companies, Allen Edmonds' shoes are handcrafted using a 212-step production process.



Minneapolis-based Goldner Hawn Johnson Morrison acquired the company in 2006.



Goldner Hawn Johnson Morrison could not be reached for comment. Baird declined to comment.



Allen Edmonds is among several footwear companies that have gone on the block over the past year.



In November 2012, Nike Inc (NKE.N) sold its Cole Haan brand to Apax Partners for $570 million.



In May 2012, footwear retailer Collective Brands Inc was purchased by a consortium including Wolverine Worldwide Inc (WWW.N), Blum Capital Partners and Golden Gate Capital for about $1.3 billion.



(Reporting by Olivia Oran in New York; Editing by Nick Zieminski)




Interesting, hopefully whatever the outcome, they can keep the production in USA and QC high.
post #25067 of 49571

bad news guys

 

http://www.reuters.com/article/2013/07/17/us-allenedmonds-sale-idUSBRE96G0OX20130717

 

 

Dress shoe company Allen Edmonds exploring sale of firm: sources

 
 
 
 
 
 

Wed Jul 17, 2013 9:24am EDT

(Reuters) - Men's dress shoe company Allen Edmonds is exploring a sale of the company, according to two sources familiar with the matter.

The Port Washington, Wisconsin-based company, controlled by private equity firm Goldner Hawn Johnson Morrison, has hired Robert W. Baird & Co to run the process.

A deal could value the company at $150 million to $200 million, the sources said.

Founded in 1922, Allen Edmonds sells its shoes through department stores like Nordstrom Inc (JWN.N) and Macy's Inc (M.N), as well as 38 company-owned retail stores. One of the few remaining American shoe companies, Allen Edmonds' shoes are handcrafted using a 212-step production process.

Minneapolis-based Goldner Hawn Johnson Morrison acquired the company in 2006.

Goldner Hawn Johnson Morrison could not be reached for comment. Baird declined to comment.

Allen Edmonds is among several footwear companies that have gone on the block over the past year.

In November 2012, Nike Inc (NKE.N) sold its Cole Haan brand to Apax Partners for $570 million.

In May 2012, footwear retailer Collective Brands Inc was purchased by a consortium including Wolverine Worldwide Inc (WWW.N), Blum Capital Partners and Golden Gate Capital for about $1.3 billion.

(Reporting by Olivia Oran in New York; Editing by Nick Zieminski)

post #25068 of 49571
Quote:
Originally Posted by Subutai View Post

ugh, that must be frustrating. Are you keeping them? As seconds that wouldn't bother me. But as a replacement pair of firsts? tough call. 

No question that AE's customer service is top notch but, based on recent posts, I'm starting to question their QC somewhat.

90+ degrees in July, I'm tempted to try again, but I'll probably just keep them out of fear of getting something worse. It really does have to be the perfect angle to catch.
post #25069 of 49571
Ugh... Hopefully this impending sale of the firm doesn't affect their legendary customer service or quality. I wouldn't bet against that however... They'll probably cut corners and bank on the strength of the brand to coast a few years while production values go the way of Florsheim, Bostonian or Johnston and Murphy.
post #25070 of 49571
I would be curious to see what would happen with Mr.Grangaard. His participation in this forum has been of great benefit. I would hate to see him go.
post #25071 of 49571
Quote:
Originally Posted by random-adam View Post


Not on my end -- they shipped yesterday, I got them this morning, all my shoes have trees and I've got spares for my brother-in-law. I'm sorry to hear it didn't work out for you.

 

Thanks. Must've been just my timing. Was hoping to get some spare trees as well.

post #25072 of 49571

I bought black PA's at the beginning of the summer; I've been wearing them every three days or so since (rotating with dark brown PA's and some random Johnston & Murphys).

 

Just a few days ago the right shoe started rubbing against my right pinky toe in an excruciatingly painful way.  I haven't developed a blister because I don't walk much, but the shoe is too uncomfortable to wear and I don't know what could have made this happen all of a sudden.  I haven't changed socks or anything so I don't know why this has happened.  

 

Anyone have any ideas?  Will getting them stretched out at a cobbler help?

post #25073 of 49571


A pic of my walnut Rutledges
post #25074 of 49571
Quote:
Originally Posted by thecooldude33 View Post



A pic of my walnut Rutledges

Wow They look great.  How do you like the fit?  I'm considering switching from my PAs to the Rutledges.

post #25075 of 49571
Quote:
Originally Posted by thecooldude33 View Post



A pic of my walnut Rutledges

Ahh! The last AE shoe to acquire in my basic collection, your thoughts on the burnishing and whether the walnut is darker or lighter in your opinion?
post #25076 of 49571

Finally picked up a pair from the nordstrom sale. I'm not a huge fan of black shoes, and so I hadn't owned any. I considered getting the grey ones they've had up on clearance, but in the end decided the black was more versatile and went with them. Very happy with my choice. Very worried about the possible sale.

 

Cheers.

post #25077 of 49571
Quote:
Originally Posted by meursault42 View Post



Finally picked up a pair from the nordstrom sale. I'm not a huge fan of black shoes, and so I hadn't owned any. I considered getting the grey ones they've had up on clearance, but in the end decided the black was more versatile and went with them. Very happy with my choice. Very worried about the possible sale.

Cheers.

Black shoes are the go for all formal occasions! icon_gu_b_slayer[1].gif
post #25078 of 49571

Any recommendations on the upcoming Nordstrom sale? 

 

Here's my collection so far: 

 

PA - Black

5th Ave - Dark Brown

LaSalle - Chili

Strands - Walnut 

 

I was thinking of another color for the strands (something formal, since walnut is not really an office friendly color) or the Daltons in dark brown or another PA (different color). Choices, choices......

 

Hypothetically, let's say every color is available. 

post #25079 of 49571
Quote:
Originally Posted by bespoken pa View Post

I would be curious to see what would happen with Mr.Grangaard. His participation in this forum has been of great benefit. I would hate to see him go.

It would completely depend on the buyer. The investment firm may be looking for some liquidity and would move their interest to another firm who wishes to make no changes. They could be purchased by a larger group who operates them as a seperate business unit. Or, they are acquired and consolidates by other existing management. A lot with depend on the P&L of the company as was as the strategic brand strategy employeed by the buyer. I could go on and on about the ins and outs of M&A but I don't want to detail the thread and bore people to death. Needless to say it can go many different directions and will be fascinating to watch
post #25080 of 49571
Quote:
Originally Posted by docka View Post

Any recommendations on the upcoming Nordstrom sale? 

 

Here's my collection so far: 

 

PA - Black

5th Ave - Dark Brown

LaSalle - Chili

Strands - Walnut 

 

I was thinking of another color for the strands (something formal, since walnut is not really an office friendly color) or the Daltons in dark brown or another PA (different color). Choices, choices......

 

Hypothetically, let's say every color is available. 

Why is Walnut not an office friendly color?

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