Steve Madden Bundle
Who Owns Steven Madden, Ltd.?
Understanding Steven Madden, Ltd.'s ownership is key to its strategic direction and stakeholder accountability. The recent acquisition of Kurt Geiger in May 2025 highlights how portfolio changes impact market position.
Steven Madden, Ltd., a fashion footwear and apparel company, had a market capitalization of approximately $1.97 billion as of August 21, 2025. The company reported revenue of $2,282.9 million for the full year ended December 31, 2024.
The ownership of Steven Madden, Ltd. is a mix of institutional investors, public shareholders, and potentially insider holdings. As of early 2025, institutional investors held a significant portion of the company's shares, influencing its governance and strategic decisions. Understanding these ownership dynamics is crucial for assessing the company's stability and future growth, especially in light of its recent Steve Madden PESTEL Analysis and expansion efforts.
Who Founded Steve Madden?
Steven Madden, Ltd. was established in 1990 by its namesake founder, Steve Madden. The company's initial focus was on designing and marketing footwear that was trend-driven. While specific details about early equity or backers are not extensively publicized, Steve Madden's creative vision has been fundamental to the brand's identity and expansion from its origins in Queens, New York.
Founding Vision
Steve Madden founded the company in 1990 with a clear focus on trend-driven footwear design and marketing.
Early Operations
The brand's initial operations and design concepts originated from a factory located in Queens, New York.
Founder's Role
Steve Madden's role as the creative and design chief has been central to the company's sustained identity and growth trajectory.
Current Founder Ownership
As of August 22, 2025, founder Steve Madden directly holds 1.39% of the company's shares.
Founder's Stake Value
This ownership stake is valued at approximately $27.35 million, reflecting a continued connection to the company.
Foundational Ownership
The founder's enduring presence suggests a stable foundational ownership structure that facilitated significant brand expansion.
The history of Steve Madden ownership is rooted in the vision of its founder, Steve Madden, who established the company in 1990. His focus on trend-driven footwear design and marketing, originating from a factory in Queens, New York, laid the groundwork for the brand's success. While early ownership details and potential disputes are not extensively documented in current public filings, Steve Madden's ongoing involvement highlights a consistent connection to the company's core identity. As of August 22, 2025, Steve Madden directly owns 1.39% of the company's shares, a stake valued at approximately $27.35 million. This sustained ownership underscores the stable foundational structure that has supported the brand's significant expansion over the decades, and provides insight into the Growth Strategy of Steve Madden.
Key Aspects of Early Ownership
The initial phase of Steven Madden, Ltd. was characterized by the founder's direct involvement and creative leadership.
- Founded in 1990 by Steve Madden.
- Focus on trend-driven footwear design and marketing.
- Operations originated from Queens, New York.
- Founder's vision central to brand identity and growth.
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How Has Steve Madden’s Ownership Changed Over Time?
Steven Madden, Ltd. transitioned to a publicly traded entity on December 10, 1993, under the ticker SHOO. This move marked the beginning of a significant evolution in its ownership structure, with institutional investors becoming increasingly dominant stakeholders over the years. The company’s strategic acquisitions and share buyback programs have also played a role in shaping its current ownership landscape.
| Shareholder | Percentage of Ownership (Approx. March 2025) | Number of Shares (Approx. March 2025) |
| BlackRock, Inc. | 15.76% | 10.94 million |
| The Vanguard Group, Inc. | 11.98% | 8.32 million |
| Wellington Management Group LLP | 6.92% | 4.8 million |
| Macquarie Group Ltd | 5.45% | 3.79 million |
| State Street Global Advisors, Inc. | 3.90% | 2.71 million |
The ownership of Steven Madden, Ltd. is predominantly held by institutional investors, reflecting broad market confidence in the company's strategy and performance. As of March 31, 2025, these entities collectively owned approximately 105.84% of the company's shares. This figure, which can surpass 100% due to practices like short selling, saw a slight increase from 101.26% in December 2024 to 105.75% in March 2025, before a minor dip to 103.77% by June 2025. Insider ownership, comprising executives and directors, represented a smaller portion at 1.71% as of June 2025. These ownership dynamics are influenced by significant corporate actions, such as the acquisition of Kurt Geiger for approximately £289 million on May 6, 2025, and the earlier purchase of Almost Famous, which generated $179 million in revenue in 2024. The company also actively engages in share repurchases, having spent about $98.4 million on common stock buybacks in 2024, demonstrating a commitment to enhancing shareholder value and strategically expanding its market presence. Understanding these ownership shifts is crucial for analyzing the Competitors Landscape of Steve Madden.
Key Ownership Details
Institutional investors are the primary holders of Steven Madden, Ltd. stock, indicating significant external investment and oversight.
- Steven Madden, Ltd. went public in 1993 under the ticker SHOO.
- Institutional investors held approximately 105.84% of shares as of March 31, 2025.
- BlackRock, Inc. is the largest institutional shareholder with 15.76% ownership.
- Insider ownership was reported at 1.71% in June 2025.
- Strategic acquisitions and share buybacks influence the company's ownership structure.
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Who Sits on Steve Madden’s Board?
The Board of Directors for Steven Madden, Ltd. is instrumental in guiding the company's strategic direction and corporate governance. Key figures include Edward Rosenfeld, serving as both Chairman and CEO, and Amelia Newton Varela, who holds the positions of President and Director. The board is further comprised of independent directors, ensuring diverse perspectives in decision-making processes.
| Director Name | Position | Committee Involvement |
|---|---|---|
| Edward Rosenfeld | Chairman and CEO | |
| Amelia Newton Varela | President and Director | |
| Peter Davis | Director | |
| Al Ferrara | Director | |
| Mitchell S. Klipper | Director | |
| María Teresa Kumar | Director | |
| Rose Peabody Lynch | Director | Rejoined Audit Committee (July 2024) |
| Peter Migliorini | Lead Director | |
| Ravi Sachdev | Director | |
| Arian Simone | Director | Joined Corporate Social Responsibility Committee (July 2024) |
Steven Madden, Ltd. operates with a straightforward voting structure where each common stock share represents one vote. The company's Director Election (Majority Voting) Policy ensures accountability; any director nominee failing to secure more 'FOR' votes than 'WITHHOLD' votes must offer their resignation for committee review. While Edward Rosenfeld, the Chairman and CEO, directly owns 1.39% of the company's shares as of August 22, 2025, the independent directors elect a Lead Director, currently Peter Migliorini, to oversee executive sessions and collaborate with the Chairman, thereby providing a crucial layer of oversight. Recent filings indicate no public proxy battles or significant activist investor campaigns impacting Steve Madden ownership during the 2024-2025 period, suggesting a stable corporate structure.
Understanding Board Dynamics
The composition and policies of the board significantly influence corporate direction and shareholder value. Understanding these elements is key to grasping Steve Madden company structure.
- One-share-one-vote system for common stock.
- Majority Voting Policy for director elections.
- Lead Director role provides independent oversight.
- Edward Rosenfeld holds 1.39% direct share ownership as of August 2025.
- Recent periods show no activist investor activity.
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What Recent Changes Have Shaped Steve Madden’s Ownership Landscape?
Over the last three to five years, Steven Madden, Ltd. has undergone significant shifts impacting its ownership and strategic direction. The company has actively engaged in share repurchases, demonstrating a commitment to returning value to shareholders. These actions, alongside strategic acquisitions, are reshaping the company's market position and brand portfolio.
| Development | Date | Details |
|---|---|---|
| Share Repurchases | 2024 | Approximately $98.4 million spent on common stock repurchases. |
| Acquisition of Almost Famous | October 2023 | Contributed significantly to 2024 revenues. |
| Acquisition of Kurt Geiger | May 6, 2025 | Closed for approximately £289 million in cash. |
| Board of Directors Change | June 27, 2025 | Resignation of Robert G. Smith. |
| International Joint Ventures | Q2 2024 - January 2025 | Established majority-owned JVs in Latin America, Southeastern Europe, Singapore, Malaysia, and Australia. |
Institutional ownership in Steven Madden, Ltd. has shown an upward trend, reaching 105.75% in March 2025 before a slight decrease to 103.77% by June 2025. This indicates a growing interest from institutional investors in the company's performance and future prospects. The company's strategic moves, including international expansion through joint ventures and key acquisitions, are designed to bolster its global presence and long-term value creation. The company anticipates a revenue growth of 17% to 19% for 2025 compared to 2024, reflecting the impact of these initiatives.
Shareholder Value Initiatives
The company has actively repurchased its stock, spending approximately $98.4 million in 2024. This strategy aims to enhance shareholder value by reducing the number of outstanding shares.
Global Brand Expansion
Recent acquisitions, such as Kurt Geiger and Almost Famous, signify a strategic effort to broaden the company's brand portfolio. This expansion enhances its market reach and competitive positioning.
International Market Strategy
The establishment of majority-owned joint ventures in key international markets signals a shift towards greater ownership and control. This approach is intended to capture more long-term value in high-growth regions.
Ownership Trends
Institutional holdings have seen an increase, reflecting growing investor confidence. This trend, coupled with strategic acquisitions, shapes the current Steve Madden ownership landscape. For more on the company's journey, explore the Brief History of Steve Madden.
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