OVERVIEW

Since 1954, Shoebox New York® has been New York's top women's multi-brand retailer for luxury footwear, handbags and accessories. Known for its vast product assortment and trend-setting styles from top European and American designers, Shoebox New York garnered a dedicated following of sophisticated women.

NexCen acquired the intellectual property assets of Shoebox New York in November 2007. In January 2008, NexCen, VCS Group, LLC (Camuto Group) and TSBI Holdings, LLC (TSBI) entered into a joint venture agreement for the development of the Shoebox New York brand. The Camuto Group is a leading organization that specializes in the design, development and distribution of women's fashion footwear. The existing Shoebox New York locations are owned by TSBI, which is operated by the Kirschenbaum family, who have owned and operated the stores since 1954. TSBI operates the founder-stores under the terms of a license agreement from the joint venture. Over the course of the past year, NexCen has retooled Shoebox New York from a family-operated business into a powerful franchise concept with a signature store layout and standardized operational procedures.

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