Greats news and archive

Unified Commerce acquires Greats and invests in Böhme

Unified Commerce Group (UCG) has acquired sneaker brand Greats from Steve Madden, which it bought in 2019, and announced a strategic investment in Utah-based womenswear retailer Böhme. The direct-to-consumer operator didn’t disclose the sale price for Greats, just that the Brooklyn-born sneaker brand would become the third brand in its portfolio...

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People

Ryan Babenzien announces departure as CEO of Greats

CEO and founder of Greats, Ryan Babenzien, has announced he is leaving the footwear brand. Babenzien took to Instagram and wrote: “After almost seven rewarding years, I’ve decided to step down as the CEO of Greats. I never thought about what it would be like to write those words until recently, but after thinking about what’s important to me,...

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Management

Steve Madden sales and earning grow in Q3, raise FY19 outlook

For the third quarter of 2019, Steve Madden said, net sales increased 8.5 percent to 497.3 million dollars, while gross margin was 38.4 margin compared to 38.2 percent in the same period last year, an increase of 20 basis points. Net income attributable to Steven Madden, Ltd. was 52.5 million dollars or 63 cents per diluted share compared to...

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Business

Steve Madden acquires Greats

Steve Madden Ltd. has acquired Greats, a Brooklyn-based online shoe company selling Italian-made sneakers. Greats shoes are typically priced between 159 and 179 dollars, and have seen growing traction over the past several years as casual shoes become acceptable workwear for the office as well. Greats was founded in 2014 by Ryan Babenzien. In...

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Report

Steve Madden acquires sneakers brand Greats

Footwear player Steve Madden has announced the acquisition of privately held Greats Brand, Inc., a native footwear brand specializing in premium sneakers made in Italy. Commenting on the development, Edward Rosenfeld, Chairman and Chief Executive Officer of Steve Madden, said in a statement: “We see significant opportunity to expand the business...

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Business

Greats raises 10 million dollars in Series B funding

Greats, the Brooklyn-based digitally native, direct-to-consumer sneaker company, has announced a 10 million dollar Series B round of financing. JH Partners led the round with participation from new and existing investors including Resolute Ventures, retired NFL star Adrian Wilson, Eric Zinterhoffer of Searchlight Capital among other fashion and...