Shoes for Crews to buy Mozo Shoes

Shoes For Crews LLC said May 24 it has entered into a letter of intent to acquire the Mozo® Shoes brand. Financial terms weren’t announced. Chinnok Asia LLC is the seller. Mozo provides culinary footwear that aim to meet the demands of chefs in the kitchen and dining environments. Shoes For Crews is a CCMP Capital portfolio company.

PRESS RELEASE

WEST PALM BEACH, FL, May 24, 2016 — Shoes For Crews, LLC (“SFC” or the “Company”), the global leader in slip-resistant footwear, today announced that it has entered into a letter of intent to acquire the Mozo® Shoes brand of innovative slip-resistant culinary footwear, from Chinook Asia, LLC. With its premium line of casual culinary footwear, the Mozo® brand will complement SFC’s existing portfolio of athletic, casual, dress and work shoes. Mozo® will be maintained as a separate brand and will be sold through SFC’s existing channels of distribution.

From its inception in 2008, Mozo® Shoes has been dedicated to crafting best-in-industry culinary footwear that combine comfort with style to meet the demands of chefs in the most rigorous of kitchen and dining environments. Today, Mozo® footwear is primarily sold through resellers, retailers and its own website mozoshoes.com.

Stuart Jenkins, President, CEO & Chief Innovation Officer of Shoes For Crews, said, “The Mozo® brand is known within culinary circles for premium, stylish, comfortable and slip-resistant footwear crafted especially for culinary professionals. We are delighted to be able to offer the full Mozo® line to our customers through our multiple distribution channels, including corporate programs, catalog, e-commerce, retail stores and international platforms. We will maintain the Mozo® brand, design ethos and product line while further enhancing its safety performance by applying SFC’s industry-best slip resistant outsole technology.”

The parties expect the transaction to close in summer 2016.

About Shoes For Crews

Shoes For Crews is the leading designer and marketer of slip-resistant footwear worldwide. Headquartered in West Palm Beach, Florida, Shoes For Crews began producing slip-resistant footwear in 1984. Through its superior technology, the Company quickly became the industry leader. Shoes For Crews strives to create a safer workplace in all industries where floor hazards are a reality. The Shoes For Crews team’s focus is to deliver the ultimate in slip-resistant technology as well as classic and fashion styling, through a complete line of footwear designed to improve the “quality of life” of the working person by combining slip-resistance, comfort and durability into all the Company’s products.