Property developer Larry Kestelman’s LK Group has snapped up footwear and fashion retailer and wholesaler Brand Collective and is searching for more acquisitions to build scale ahead of a potential sharemarket float.

Brand Collective owns brands such as Shoes & Sox, Shoe Warehouse and Volleys and licenses brands that include Hush Puppies, SuperDry and Mossimo. It has annual sales of about $280 million and made record profits this year.