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Report: Allen Edmonds bought by Missouri company Caleres

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A report says that an equity group in Missouri has bought a trademark Wisconsin company.

The Business Journal's Dan Shafer reports that Caleres, a company that specializes in shoes, has bought Allen Edmonds, based in Port Washington.

The shoe and apparel company is one of the most well-known quality shoemakers in America. It was owned by a Los Angeles company from November 2013 until now.

Caleres bought Allen Edmonds for more than a quarter of a billion dollars, according to the report.