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The phrase "acquired the label" is correct and usable in written English.
It can be used when discussing someone or something that has received a designation or classification, often in a specific context such as branding or identity.
Example: "After years of hard work, she finally acquired the label of a leading expert in her field."
Alternatives: "received the designation" or "gained the title".
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Shortly after Prada acquired the label in 2001, it sort of fell off the fashion map, and hasn't been produced since 2004.
The two sides agree about the dangers of Queens Boulevard, where 72 pedestrians were killed between 1993 and 2000 and which in the process acquired the label "Boulevard of Death".
Eventually, aged 13, she acquired the label of "learning disability" and was admitted to St Lawrence's hospital, a long-stay institution in Caterham, Surrey, where she remained for 20 years.
Owing to his habit of walking about the grove while lecturing his students, the school and its students acquired the label of Peripatetics (Greek peri, "around," and patein, "to walk").
But just six months after Terra Firma, a private equity group, acquired the label for £3.2bn, the signs are not good: Radiohead have quit, describing the new regime as like "a confused bull in a china shop" and this week Williams has gone on strike, refusing to deliver his new album.
But when more modern transport and modern lightweight materials changed the face of travel in the 20th century, its business languished until 2009, when the luxury goods group LVMH, scenting a change in the wind, acquired the label, opening a new Moynat store in 2011 on the elegant rue Saint Honoré.
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The BBC coverage summarised the move as follows: "Acquiring the label of a Russell Group university could be seen as adding value – particularly for the lucrative overseas student market".
Schools acquire the label when they fail to raise student reading and math scores enough to keep up with testing targets set by their states.
By Sasha Frere-Jones August 12, 2008 The best phrase of the day comes in this report from NME on the sale of the catalogue of Death Row Records, the former home of Snoop Doog and Tupac Shakur: Global Music Group bought the label at auction, reports Associated Press, acquiring the label's entire back catalogue and reportedly the rights to unreleased material by Shakur.
One woman, for instance, suffered ill-health during her new pregnancy and miscarried in the fifth month, acquiring the label of a woman 'at risk' and now feeling that she was "condemned" to not have children.
They didn't acquire the labels Eurosceptic and Europhobe until the bitter battles that began to convulse the Conservative party from the 1980s, but there have always been people who were against Britain having anything to do with it since the idea of "Europe" was invented.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com