The deal, the fourth acquisition over the last four years for the family, represents their largest acquisition to date, and one that is considered ‘a right fit’.
“We started looking [at Fusion Retail] a little over 15 months ago … we just wanted to make sure it was the right fit for both of us,” Mr Jay Munro, Munro Footwear chief executive said.
“We’ve definitely come to that decision and we’re very excited about what the future holds.”
The Munro’s brand stable, which currently includes Styletread, Midas, Mollini, Wanted and Django & Juliette, will now be joined by Williams, Mathers, Diana Ferrari and Colorado.
The Munro family were advised by the Corporate Finance and Taxation teams at Pitcher Partners.