No items found.

American Exchange Group Acquires Aerosoles


Comfort footwear brand Aerosoles is being acquired by American Exchange Group (AEG). The transaction for the assets of Aerosoles, announced Jan. 19 without specific financial details, adds a 31st brand to AEG’s portfolio that includes owned, private label and licensed footwear and accessories.

In December, AEG formally announced a relationship with Aerosoles to introduce a mid-priced range of footwear in select retailers in Spring 2022. With the deal, AEG intends to expand the 35-year-old brand’s distribution reach and footwear categories and attract new consumers to the label. Under terms of the asset purchase, Aerosoles will go forward as a separate division of AEG with its existing senior management team that includes CEO Alison Bergen.

Most importantly, the acquisition marks a positive development for the casual comfort brand that faced numerous operational challenges during it history, including a bankruptcy filing in Sep. 2017 that resulted in the closure of 78 own brick-and-mortar locations, moving swiftly and efficiently into the ecommerce space and exiting the off-price retail market.

Aerosoles is currently sold in Nordstrom, Macy’s, DSW, Belk and on Amazon-owned Zappos.