Just a few days after Steve Madden announced that it had acquired fellow footwear company Dolce Vita, it looks like another popular shoe brand may be up for sale in the near future. Reuters reports that Sycamore Partners is looking to sell Stuart Weitzman, which it acquired in its recent buyout of Jones Group.
Representatives for Sycamore and Stuart Weitzman both declined to comment on the possible sale.
According to Reuters's sources, Stuart Weitzman could fetch around $800 million. There is, of course, the question of whether Weitzman would stay on with the company through a sale, should one take place. The designer is 72 years old, retirement age by most people's counts. He got his start in the shoe business in his 20s.
Ownership of Stuart Weitzman has changed hands a few times already. Weitzman sold the company to a European group in the 70s, WWD points out, before Weitzman bought it back and ran it for a decade. Jones Group acquired the brand in 2010 for $180 million.
If Sycamore is indeed looking to sell, it would still be in the early stages of preparing for a handoff. We'll be tracking this one in the coming weeks.