Weyco Acquires Umi Brand
MILWAUKEE, April 28 /PRNewswire-FirstCall/ -- Weyco Group, Inc. (Nasdaq: WEYS) today announced that it has acquired the Umi brand, a children's footwear line, from Umi, LLC.
The Umi brand was started in 2004 by Mark Kohlenberg who previously ran the Elefanten USA children's footwear business for 14 years. The Umi brand offers customers European inspired design, high quality materials and unique styling at an attainable price point.
"We are excited to announce the addition of Umi to the Weyco portfolio of brands," stated Tom Florsheim, Chairman and CEO of Weyco Group, Inc. "We are also very pleased that Mark Kohlenberg will be joining Weyco as President of the Umi Brand and believe Mark's stewardship supported by Weyco's infrastructure should provide significant opportunities to grow the Umi brand in the marketplace.""This is a great moment for the Umi brand of children's footwear," said Mark Kohlenberg. "Weyco's scale, reputation and international presence provide significant upside for future growth of Umi. Positioning Umi in the portfolio of Weyco brands opens new doors for Umi while providing a great opportunity to work with Weyco's sales force and distribution operations." About Weyco Group: Weyco Group, Inc., designs and markets moderately priced and better-grade men's branded footwear for casual, fashion, and dress lifestyles. The principal brands of shoes sold by the Company are Florsheim, Nunn Bush, and Stacy Adams. The Company's products are sold to shoe specialty stores, department stores and clothing retailers. Weyco Group, Inc. operates wholesale and retail businesses in the United States, Canada, Europe, Australia, South Africa and the Far East. For more information, see the Company's website at www.weycogroup.com. About Umi: More information about the Umi brand is available at www.umishoes.com. SOURCE Weyco Group, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV