Wolverine buys Payless
02.05.2012 3462

Wolverine buys Payless

Wolverine Worldwide Inc. (WWW), the owner of the shoe brands Merrell and Hush Puppies, said on Tuesday that it is partnering with Blum Capital Partners and Golden Gate Capital to buy the owner of Payless Collective Brands Inc., a shoe store chain. (PSS) for 21,75 $ per share. The total transaction value is approximately $ 2 billion, including a valuation of debts. After closing the deal, Wolverine will buy the Collective division, which owns brands including Keds, Saucony and Stride Rite. Investment firms will jointly acquire the ShoeSource Payless network and Collective Licensing International, ffin.ru reports.

Wolverine Worldwide Inc. (WWW), which owns footwear brands Merrell and Hush Puppies, announced on Tuesday that it is acquiring the chain owner in partnership with Blum Capital Partners and Golden Gate Capital ...
5
1
Rating

Latest News

Vietnam begins trade talks with US over tariffs

Vietnam and the United States have formally begun talks over the Trump administration's threat to impose a 46% tariff on goods from the Southeast Asian country.
25.04.2025 575

Lamoda Sport to support Moscow Half Marathon participants

Lamoda Sport has prepared for the main Moscow race and placed a corner with sportswear and footwear in Luzhniki. On April 27, the Moscow…
25.04.2025 298

Birkenstock has updated two hit models from its collection for the summer season

Birkenstock has updated two of its most popular models with the introduction of the Boston Nova and London Nova closed-toe clogs.
24.04.2025 501

Gucci Loses Sales, Takes Kering Group Down With It

Sales at Kering Group luxury brand Gucci fell 2025% to €25 billion in the first quarter of 1,57. That's well below analysts' estimates of €XNUMX billion.
24.04.2025 422

Spain reports decline in footwear sales

The Spanish leather and footwear industry has seen its sales fall for the fourth month in a row. According to the National Statistics Institute (INE), in February 2025 the sector's turnover index (ICN) fell by 7,4% compared to the previous…
23.04.2025 382
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning