Camper, the Spanish footwear company known for its idiosyncratic shoe designs and family-owned structure, has acquired a 60 percent stake in Ancient Greek Sandals, the Grecian label that has become a staple of the summer wardrobe for fashion insiders. The deal marks Camper’s first major acquisition in its nearly fifty-year history and signals a strategic shift toward brand portfolio expansion.
Financial terms of the deal were not disclosed, but industry sources estimate the valuation at roughly fifteen million euros based on the brand’s revenue trajectory and margin profile. Camper financed the acquisition through its own cash reserves, avoiding external debt.
The acquisition gives Camper access to a manufacturing base in Greece, a region with a deep bench of artisanal leather workers that complements Camper’s existing production network in Spain. It also places the company in the higher end of the footwear market, where Ancient Greek Sandals retails between two hundred and six hundred euros per pair.
Ancient Greek Sandals was founded in 2010 by Christina Martini and Nikolas Minoglou, who built the brand around traditional leather-crafting techniques from the Peloponnese region. The sandals, handcrafted in small workshops using vegetable-tanned leathers, developed a cult following for their sculptural silhouettes and architectural hardware details.
Martini and Minoglou will remain at the helm of the brand’s creative direction, while Camper will oversee production scaling, retail expansion, and supply chain integration. The founders described the partnership as a way to grow without compromising the handcrafted ethos that defines their product.
The acquisition comes at a moment of consolidation in the footwear sector, where mid-sized brands are seeking scale advantages through aggregation. Camper, which reported revenues of approximately two hundred million euros in 2025, has been deliberately cautious about growth, preferring controlled expansion over rapid scaling.
