Supriya Ghosh (Editor)

Weyco Group

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Type
  
Public

Industry
  
Footwear

Founded
  
1892

Number of employees
  
640

Traded as
  
NASDAQ: WEYS

Website
  
www.weycogroup.com

Net income
  
19.8 million USD (2014)

Weyco Group wwwmantissacorporationcomimagescaseStudylogo

Revenue
  
US$$320.5 million (2014)

Stock price
  
WEYS (NASDAQ) US$ 28.08 +0.15 (+0.54%)31 Mar, 4:00 PM GMT-4 - Disclaimer

Headquarters
  
Glendale, Wisconsin, United States

Subsidiaries
  
Weyco Sales, LLC, Weyco Investments Inc

John florsheim weyco group


Weyco Group (formerly Weyenberg Shoe Manufacturing Company or W. R. P. Shoe Company) is a footwear company that designs, markets and distributes brand names including Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters and Umi. The company, which focuses on North American wholesale and retail distribution, has been assembled by a series of acquisitions.

Contents

History

In 1964, after an estrangement with his father Harold Florsheim, Thomas Florsheim, Sr. left the Florsheim Shoe Company and invested $750,000 in the Weyenberg Shoe Manufacturing Company, becoming partners with Frank Weyenberg. They acquired Nunn Bush and Stacy Adams, while developing the new Brass Boot line in Europe. When the Florsheim Group filed for Chapter 11 bankruptcy in 2002, Weyco purchased some of the company's assets. Weyco acquired Umi in 2010, and in 2011 it acquired The Combs Company and its BOGS and Rafters footwear brands. Weyco is led by Thomas Florsheim, Jr. (the great-grandson of Florsheim Shoe Company founder Milton Florsheim).

Current business

The company focuses on two business segments in North America: wholesale and retail. The business entails mid-priced leather dress shoes; synthetic and leather casual footwear; outdoor boots, shoes, and sandals. Its wholesale customers are footwear, department, and specialty stores primarily in the United States and Canada. As of June 2015, it had 16 company-owned retail stores in the United States in addition to an internet business. For 2014, the company posted overall net sales of $320.5 million of which $243.4 million came from wholesale in North America and $23.3 million from North American retail.

References

Weyco Group Wikipedia