Associates of CriticalPoint Capital, LLC have accomplished the acquisition of Footwear.com from Walmart, Inc. Initially based in 1999 as ShoeBuy, Footwear.com is a number one on-line retailer of footwear, attire and equipment, within the US and internationally providing a broad assortment of one of the best manufacturers spanning athletic to informal for ladies, males, and kids.
Footwear.com is headquartered in Boston, Massachusetts, the birthplace of American shoe manufacturing. For over 20 years, Footwear.com has been a trusted business chief serving tens of millions of consumers by way of its various and huge number of sought-after footwear manufacturers.
“CriticalPoint Capital (CPC) is the perfect associate to assist us obtain our subsequent section of progress together with optimising product assortment, delivering a best-in-class footwear procuring expertise, whereas additionally leveraging operational capabilities and methods,” stated John Foristall, president & CEO of Footwear.com. “CPC has intensive information and expertise within the footwear business, together with an understanding of our key manufacturers and the way these model relationships have been the cornerstone of this enterprise for over 20 years. CPC additionally has a powerful observe report of giving firms the recommendation and backing they should succeed as standalone companies.”
The acquisition marks CPC’s most up-to-date funding within the footwear business, having accomplished earlier transactions with JackRabbit, Intelligent Coaching and Olympia Sports activities. Brad Holtmeier, associate at CPC added, “We’re thrilled to leverage our operational and consumer-focused experience to assist Footwear.com proceed its long-standing place as a frontrunner of on-line footwear and additional the corporate’s strategic evolution.”
Based in 2012, CPC is a non-public funding agency primarily based in Manhattan Seaside, CA. The agency is targeted on buying firms with long-term worth creation alternatives and partnering with administration groups that may profit from affected person capital and a considerate strategy to progress.
Fibre2Fashion Information Desk (RKS)