MUNRO FOOTWEAR GROUP ACQUIRES AUSTRALIA'S OLDEST FOOTWEAR BRANDS

Family owned Munro Footwear Group has completed the acquisition of Fusion Retail Brands, the home to some of Australia's most iconic footwear brands.

The acquisition of Fusion means Australian brands like Williams, Mathers, Diana Ferrari, and Colorado will join Munro's ever increasing portfolio.

The move to acquire Fusion is in line with Munro's growth by acquisition strategy, and is the seventh acquisition for MFG in the last decade.

In addition to the iconic Australia brands Fusion brings to MFG, chief executive officer Jay Munro says it was the likeminded lovers of footwear at Fusion which really convinced him.

"Once we got to know the people and get involved with the team, we realised that there's some shoe loving people in the business, so we ended up being a really good fit," says Munro.

Fusion's impressive storefront network, with 195 stores nationwide, will boost MFG's retail footprint to 290 and its 500-strong workforce to more than 2000 employees nationally.

In addition to the geographical reach of Fusion, the acquisition brings many beloved Australian shoe brands into the hands of Munro, who already boast brands such as Styletread, Wanted, Midas, Mollini, Mountfords, and Django & Juliette. Read more

David Simmons - Business News Australia - 4 July 2017