DSW also has the right to purchase the rest of the stake from the remaining shareholders after four years at a pre-determined earnings multiple, mbt shoes outlet uk the company said.Toronto-based Town Shoes is mostly owned by Alberta Investment Management Corporation (AIMCo) and Canadian private equity firm,mbt shoes online Callisto Capital. DSW's 44 percent stake was purchased from AIMCo.Town Shoes,cheap mbt shoes sale which operates more than 180 locations in Canada under various banners, mbt shoes sale said it had sales of C$291 million for the fiscal year ending January,mbt shoes 2014.Excluding one-time expenses related to the deal, mbt shoes outlet the tie-up is expected to add slightly to earnings in 2014.The current deal, which is expected to close in May and was approved by the board of both companies, gives DSW the same 50 percent voting control and board representation as Callisto.DSW operates more than 400 stores across the United States and supplies footwear to more than 350 other retail partners.DSW Inc is entering the Canadian footwear retail market by acquiring a 44 percent stake in one of Canada's largest shoes and accessories retailer, Town Shoes Ltd, for C$68 million ($62.05 million), the two retailers said on Tuesday.The Columbus, Ohio-based DSW said it had been looking to enter Canada "for some time" and that it may buy additional shares from other minority shareholders as part of its initial investment.

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