American Exchange Group to Acquire Luxury Footwear Brand Aerosoles | national news
NEW YORK, January 19, 2022 /PRNewswire/ — American exchange group, a multi-divisional industry leader in the design, manufacture and wholesale of accessories, today announced that it has finalized an agreement to acquire the assets of luxury comfort footwear brand, Aerosoles. Together, the two companies will expand distribution channels and introduce aerosols to new categories and reach new audiences.
“This acquisition marks an exciting new chapter in the evolution of American Exchange Group. We look forward to supporting the future growth of this brand and are delighted to welcome Aerosoles to our brand portfolio. said Alen Mamrout, Chairman and CEO of American Exchange Group.
American Exchange Group acquires Aerosoles with a mission to align their modern, elevated core with broader business opportunities in distribution. The acquisition of Aerosoles will generate significant growth opportunities for the company as American Exchange Group introduces the brand into new categories, with a continued reluctance to compromise on the Aerosoles brand vision and control of the quality.
“Our strategy is to have the Aerosoles brand operate as a separate division to ensure the focus on the core brand DNA that has made Aerosoles such a big name in the footwear category. We are delighted that the Aerosoles team joins our organization to execute our vision.” said Steve Velasquez, director of strategy.
Aerosols are currently sold at Nordstrom, Nordstrom Rack, Macy’s, Saks OFF 5TH, DSW, Zappos, Belk and aerosoles.com.
About the American Exchange Group
American exchange group is an industry leader in the design and manufacture of accessories. By facilitating distribution to major retailers around the world for custom private labels, exclusive licensed brands and branded accessories, including footwear, technology, watches, jewelry, outerwear and bags hand, American Exchange Group is raising the bar by disrupting status quo pricing while staying ahead of the curve. trends.
Aerosols is a global footwear leader that provides high quality, fashionable and high-performance products to customers in over 40 countries around the world.
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SOURCE American Exchange Group