Authentic Brands Group and footwear retailer DSW Inc. on Oct. 10 teamed up to acquire fashion company Camuto Group Inc.

DSW said in a release that the total consideration paid to Camuto Group will be about $375 million. It will pay $200 million for all of Camuto's global production, sourcing and design infrastructure, and a further $56 million to acquire a 40% stake in the intellectual property of Camuto Group's proprietary brands.

Authentic Brands will acquire the remaining 60% of Camuto's intellectual property but did not disclose the size of its investment.

Camuto, known for the Vince Camuto and Lucky Brand labels, sells footwear, accessories, fragrances and apparel in more than 8,000 retail locations.

The acquisition will expand New York-based Authentic Brand's portfolio to more than $8.3 billion in annual retail sales. In a press release, the company said the deal "takes a page from its acquisition playbook for Aéropostale and Nautica, creating a similar structure that secures a dedicated operating partner in footwear."

Separately, Authentic Brands also agreed to purchase the intellectual property of Bernard Chaus Inc., in partnership with Ariel Chaus, the apparel retailer's CEO. Financial details were not disclosed.

Both transactions are subject to customary closing conditions and are expected to close within 30 days.