Brown Shoe acquires remaining interest in Edelman Shoe

St. Louis Brown Shoe announced it has acquired the remaining 50% interest of Edelman Shoe, a leading designer and marketer of fashion footwear, from the founders of the company, Sam Edelman and Libby Edelman.

Brown Shoe's partnership with Edelman Shoe began in 2007 when it purchased a 42.5% investment, and expanded its ownership to a 50% stake in 2008.

Sam Edelman and Libby Edelman retain their respective roles as president of the Sam Edelman division and head of marketing, and will continue to be based in Edelman Shoe's Manhattan offices and design studios. The company is in talks to expand the Sam Edelman brand into accessory and clothing categories including handbags, swimwear and eyewear.