Former owner of Maine Shoes
buys it back, starts new company
LEWISTON — Almost 11 years ago, Michael Rancourt sold his shoe company to Allen Edmonds, his biggest client for hand-sewn, high-end loafers.
Allen Edmonds is changing, and Rancourt and his son Kyle have bought the business back.
As part of the deal, they got private label contracts for names such as Ralph Lauren and employees who have been in the hand-sewing business for so long that some worked for Rancourt’s father, Dave.
Rancourt & Co. Shoecrafters is working out of one wing of Allen Edmonds’ factory on Commercial Street, temporarily, on the hunt for new space.
“I sat down with every person I offered a job and said, ‘Look, we’re going to start over again,”’ said Michael Rancourt, a Lewiston native.
Click on the link for the rest of today’s story by Kathryn Skelton of the Lewiston Sun-Journal.