FOR IMMEDIATE RELEASE New York, NY (April 7, 2016) – Randa, the world’s leading men’s accessories company has acquired the assets and operations of R&S Sales, a leading provider of men’s and women’s seasonal footwear.
Consistent with strategy and leadership in Randa’s other classifications, the acquisition elevates Randa to the position of market leader in the seasonal footwear category.
Founded in 1980 R&S Sales, currently managed and owned by Steven Podhaizer, develops and markets men’s and women’s seasonal footwear in all major channels of distribution. The R&S deal expands relationships with leading Randa partners including Chaps and Williamson-Dickies and forges new relationships for the company with Rockport, Jessica Simpson and Hanes.
“The acquisition is consistent with our growth initiatives,” says Randa's president of wallets and seasonal accessories, Ed Turner. “This ’tuck in’ deal provides us with new managers and category expertise, it expands our customer base, and this deal is accretive to our intellectual property portfolio.”
Randa first launched its seasonal footwear business in 2012 with three brands in the United States. The business has grown 300% since to include seven brands in the U.S., Canada, Mexico and Australia.
“Through R&S, Randa will explore new channels of distribution while increasing our value to our current customers,” says Judy Person, Randa’s executive vice president and group president. “And, we will provide R&S with our incredible toolkit, including logistics and sourcing expertise, sophisticated marketing, in-store merchandise service, packaging, and omnichannel support.”
Podhaizer will join Randa as senior vice president managing the combined seasonal footwear business.
“At R&S, we continually look for ways to maximize the interests of our long standing licensing and retail partners,” says Steven Podhaizer. “Joining with Randa's first class management team, strong eco-system of support services and their passion for their partner’s success will be a win for all. We are excited by the new possibilities and thrilled to work with all the great Randa leaders and associates.”
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