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Designer Brands buys footwear retailer Topo Athletic

Designer Brands has bought Topo Athletic, a retailer specialising in footwear for running, walking, and hiking. The acquisition will expand Designer Brands’ presence in the “hyper-important” athletic and athleisure space, the company said Monday, and follows its acquisition of LeTigre, which sits in the same category. The cost of the deal was...

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