Steve Madden has completed the acquisition of the 49.9 percent stake that it did not already own of its European joint venture. The subsidiary was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe.

“Since its formation nearly five years ago, our European joint venture has experienced strong double-digit percentage revenue growth each year, including a 21 percent revenue gain in 2020 despite the impact of Covid-19. We are pleased to take full ownership of our business in this critical market, and look forward to continued growth in the region as we capitalize on our strong momentum and digital-first positioning,” said  the chairman and CEO, Edward Rosenfeld.