News
Montreal shoe giant ALDO agrees to buy the shoes and accessories part of the Camuto Group’s business
A news release at canadianinsider.com reveals that Montreal-based footwear giant ALDO is set to buy the shoes and accessories side of the Camuto Group. The deal plays nicely into ALDO’s expansion efforts and frees up Camuto to concentrate on its apparel unit. The ALDO Group’s ties to Desautels and McGill run deep: founder Aldo Bensadoun (BCom’64, LLD’04) is a McGill alumnus and a lifetime member of the Desautels International Advisory Board. ALDO Deputy Chairman Norman Jaskolka (BCom'76) is also an alumnus. Recently, the Bensadoun Family Foundation presented McGill with a $25 million gift to develop the Bensadoun School of Retail Management.