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Zutano Acquires Morgan and Milo to Expand Offerings in Toddler Shoe Market.

M2 EQUITYBITES-October 18, 2019-Zutano Acquires Morgan and Milo to Expand Offerings in Toddler Shoe Market

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18 October 2019 - Massachusetts, US-based infant and juvenile clothing designer Zutano has acquired Massachusetts-based children's shoe brand Morgan and Milo, to boost toddler shoe offerings, the company said.

Terms of the transaction were not disclosed.

The expanded shoe line features five different styles for both boys and girls, and includes sizes from 6 to 13, retailing for USD 48 each.

Zutano's mission to work towards making their products more sustainable is complemented by Morgan and Milo's company values and commitment to sustainability.

Zutano eco-friendly cotton clothing and accessories are now only made using 100% Organic GOTS-certified cotton and are free of lead, phthalates and flame-retardant chemicals.

With Morgan and Milo added to Zutano's portfolio, the brand has now expanded its children's footwear offering from the newborn stage up to approximately age six and seven.

Zutano is a children's fashion company that offers baby products from booties, accessories and plush toys, to shoes, beanies, sun hats and colorful baby apparel.

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Publication:M2 EquityBites (EQB)
Date:Oct 18, 2019
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