Effectively immediately, Daniel M. Friedman & Associates will become a wholly-owned subsidiary of Steven Madden Ltd, maintaining its existing business model and current licenses while developing Steve Madden handbags and belts. It will retain its current operations and location in New York City.
"We have had a long standing relationship with Steven Madden, Ltd. and are excited to start working together in this new capacity," said Daniel M. Friedman.
Karson concluded, "We are excited about this opportunity to build on the momentum of last year and bring together two well-seasoned, highly talented management and design teams. Led by Steve, the newly combined design group will develop fresh and fashion right product across multiple categories under the Steven Madden Ltd brand. We welcome Daniel Friedman and his team and look forward to a successful future together."
Steven Madden Ltd designs and markets fashion-forward footwear for women, men and children.
The company has several licenses for the Steve Madden brand, including handbags, eyewear, hosiery, and belts, and owns and operates 99 retail stores, including its online store. It is also the licensee for l.e.i. Footwear, Candie's Footwear and UNIONBAY Men's Footwear.
marketing@alchempro.com
