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The Camuto Group's design skills, excellent distribution network and sourcing capabilities have made it to attractive for Aldo. The Canada-based group believes they can add their broad international and cross-channel experience to that, unlocking Camuto Group's global potential. Alex Del Cielo, Louise Camuto, and the executive team have led the company through a period of steady growth.
The Aldo Group will preserve Camuto's autonomy, each brand's identity as well as retaining key talent, ensuring for a smooth transition. This is a perfect fit. One family business is acquiring another family business and from the very first meetings, we could feel a very similar culture," mentioned Bensadoun. This transaction is subject to customary closing conditions and the terms of the agreement aren't being disclosed.
Get regular updates on your inbox Subscribe the World Footwear weekly newsletter. Aldo names new CEO Mar 6, Nine West in sourcing agreement with the Camuto Group Sep 21, Jan Jan Jan 22, Saskatoon, Canada.
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Aldo has introduced store tools that enable customers to order products from the store, as well as an app that allows staff to look up stock. It can also provide alternative or co-ordinating style suggestions for the customer, so the sales team can spend more time on the shop floor. As the retail landscape continues to shift, Bensadoun describes retail as being in a period of "real estate optimisation". He jokes that, when it comes to property, retail is facing a "reckoning", and says it is due a huge adjustment in the approach to bricks-and-mortar stores.
The stockroom can take up as much as half of a footwear store. Bensadoun says Aldo is developing remote stockrooms, where product will be housed in a location with lower rents and rates, so stores can be quickly replenished as needed. Although stores are still core to the Aldo business, it works with franchise partners to run operations in most of its markets, which include India, South Africa and China. Bensadoun notes that the UK's international fashion prestige is a key reason Aldo retains direct control over its stores here.
It comes down to execution. We really want those flagship stores to be in very good shape and operated to the highest standard as an example to the rest of the world. Nonetheless, Aldo signed a deal in August for fellow footwear retailer Kurt Geiger to run Aldo's department store concessions from 1 September.
We felt that if want to be successful in the UK we need to partner with the best, and they are certainly the best.
Commenting at the time, Kurt Geiger chief executive Neil Clifford said: "We have always admired the Aldo brand, and believe the styling and value will resonate with our customers and will complement our offer. We have an ambitious five-year plan to strategically drive long-term growth and brand presence for Aldo and our store partners.
The aim is to open at least 50 concessions in department stores within three years. Beyond business ambitions, Bensadoun has been focusing on building a community feeling throughout the business.
This all begins at the head office in Montreal, which has a growing appeal and reputation as a destination for fashion and retail professionals, drawing talent from across the world. The , sq ft campus building is intended to nurture its creative workforce. Combining modern functionality with personal touches — including a huge array of art from the Bensadoun collection — the offices also feature gardens, sports pitches, gyms and an enormous, deliciously well-stocked canteen.
Everything is geared to create a fulfilling work environment. The theme of caring is carried through in Aldo's sustainability work, and in September it was certified as climate neutral. Climate-neutral companies measure all the emissions that are put into the atmosphere as a result of their operations, reduce them as much as possible and then offset the rest through investment in renewable resources.
This includes hydroelectric projects in China, where it manufactures the majority of its stock, and wind farms in Europe. He continues: "When it comes to consumer goods, apparel and footwear, Aldo are definitely the leaders [in sustainability]. They are the only footwear brand to achieve climate neutrality [by South Pole's criteria].
Their sustainability team is incredible. They are a small team, but one of the most technically astute I have personally worked with. They are ahead of the curve. The leather tanning process — which can involve harmful chemicals — and improving the sustainability of synthetics are also areas of focus. With its robust, varied and innovative approach to global business, underpinned by the spirit of a family business, Bensadoun is optimistic about Aldo's future. I think the companies that have a strong balance sheet and a strong sense of who their customers are, will do very well.
Above: Aldo's Boston store. Read about how South Pole helped Aldo become the world's first carbon neutral footwear brand. Above: David Bensadoun Change ot tack CEO Bensadoun began his Aldo career working briefly in project management, before taking what he describes as a "demotion" to the role of assistant buyer to gain a full understanding of the business.
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WebMay 19, · Today’s top 21 Aldo Group Management jobs in United States. Leverage your professional network, and get hired. New Aldo Group Management jobs added daily. We operate under two signature brands, ALDO and Call It Spring, and a multi-brand retail concept, GLOBO and we are also an industry-recognized wholesale distributor and third-party . WebALDO Group employs 5, employees. The ALDO Group management team includes Zaid Bitar (VP, International Division MarketingandDigital | MEA Territory Lead | Aldo Group .