Daily News: January 7, 2014

KCP Advises Verite Capital on Coloriffics Bridal Shoes Buy

Verite Capital Partners, through its Sizzle Brands holding company announced that it acquired the company assets of Coloriffics Bridal Shoes and all its sub-brands from privately held Speen and Co.

KCP Advisory Group acted as financial advisor to Speen & Co.

“We at Verite Capital Partners are delighted to have been chosen by Michael Speen to acquire the company founded by his father. As we enter into the future we will continue to provide the great fashion footwear that our customers have come to expect from us. It is also our intention to expand our offering to other bridal and prom inspired categories,” stated Don Jones, CEO at Sizzle Brands and managing partner at Verite Capital Partners.

“We feel extremely honored that Verite Capital Partners LLC has selected our brands to add to their consumer products and retail sector portfolio. Achieving this agreement presents the best possible outcome for our business. By leveraging the core strengths of both organizations we create significant opportunities for our employees, vendors, retail partners, and ultimately the consumer. Don and Lynda bring to the table extensive retail experience, resources, a passion for footwear, and a proven ability to transform vision into reality. Under their management, I look forward to the rejuvenation and robust sales growth of our legacy Coloriffics and Sizzle by Coloriffics brands,” said Michael Speen, owner of Speen & Co.

Founded in Woburn, MA in 1950 by shoe entrepreneur George Speen, Coloriffics has grown to six brands counting license rights, including Coloriffics, Sizzle, Miss Coloriffics, Allure Bridals Footwear, Night Moves Prom Footwear and Alisha Hill.