Fashion retailer Steven Madden has completed the acquisition of Almost Famous for $52 million in cash plus an earn-out provision based on future financial performance.

Almost Famous sells products under its own brands and has been the exclusive licensee of Madden NYC apparel since its launch in 2022.

“We are pleased to further enhance our apparel platform with the acquisition of Almost Famous,” said Edward Rosenfeld, chair and CEO at Steven Madden.

“With its expertise in junior apparel and strength in value-priced channels, Almost Famous is a strong complement to our existing Steve Madden apparel business, which is focused on contemporary styling and is primarily distributed in department stores and e-commerce retailers.”