A deal could value the business at $150m to $200m, said Reuters, citing two sources familiar with the matter.
Minneapolis-based Goldner Hawn has hired financial services firm Robert W. Baird & Co to help sell the company.
The firm bought a 90 per cent stake in Allen Edmonds, which currently has 32 stores across the US, for $100m in 2006.
Recent private equity deals in the sector included the acquisition of Cole Haan from Nike for $570m late last year.
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