Steve Madden stores to close

 

stevemaddenSolomon Lew will shut all 15 Steve Madden stores in Australia following a legal dispute between the retail veteran and the international division of the US-based designer footwear brand.

Lew has told the Supreme Court of Victoria he will close the local network as Lew Footwear Holdings seeks to tear up a licensing agreement between itself and Steve Madden Limited’s Hong Kong-based subsidiary, Madden International, reports The Australian.

Lew Footwear Holdings, part of the wider Lew Group, alleges Madden International misled the company by overcharging for shoes it was buying through a wholesale agreement in 2009.

Madden International is yet to file a formal defence, however, a lawyer for Madden International confirmed to The Australian the company would defend the claim.

“Madden will pursue its own claim against Lew Footwear in the appropriate forum,” a spokesperson said.

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