Saturday, July 13, 2024

American Exchange acquires Island Surf Company | Retail News USA

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Image Courtesy: Island Surf Company

The casual footwear brand Island Surf Company will be acquired by American Exchange Group, it has been announced. The deal’s financial details were not disclosed.

As per the deal, White Mountain Footwear, which American Exchange purchased in January of last year, will include Island Surf Company as a division.

The Massachusetts-based White Mountain’s strong infrastructure, sourcing skills, retail partners, and decades-long industry expertise will be advantageous to the footwear company. According to a news release, Joe O’Brien, the company’s president and CEO at the moment, will stay in that role.

“We are excited to join forces with American Exchange Group. This acquisition marks a new chapter for Island Surf Company, allowing us to expand our footprint and bring our coastal-inspired footwear to a broader audience. We look forward to leveraging our shared strengths to enhance our product offerings and deliver exceptional value to our customers” said O’Brien.

We see tremendous potential with the acquisition of Island Surf Company,” said Alen Mamrout, CEO of American Exchange Group.

The 2008-founded Island Surf Company specialises in selling casual, comfortable shoes for men, women, and children. Its products are currently available on its own e-commerce site as well as at Amazon, Beall’s Department Stores, Beall’s Outlet, Boscov’s, TJX Group, Shoe Carnival, and Shoe Show.

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