Soho
Wolverine buys Payless
02.05.2012 2756

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

Shoes 1920s - at the exhibition “Dressed in luxury. Art Deco Woman" in Moscow

The exhibition Dressed in Luxury. Art Deco Woman”, which presents one of the world's best collections of shoes and shoe…
31.01.2023 126

Sabato de Sarno named Gucci's new creative director

French luxury holding Kering Group has unveiled a new creative director of the Gucci brand. It was the 39-year-old Italian designer Sabato De Sarno, who is currently the director of menswear and womenswear ...
30.01.2023 155

Nike announces collaboration with Tiffany & Co

Tiffany & Co. sneakers x The Nike Air Force 1 Low will be housed in a signature mint-colored jewelery brand box adorned with Nike's signature 'comma' in the center.
29.01.2023 621

Gigi Hadid Appears in Boss Campaign

American supermodel Gigi Hadid presented a new collection of the German fashion brand Boss. In the campaign photo, Hadid is dressed in a black loose-fitting pantsuit, on the model's feet are black sandals from the brand's new women's spring collection ...
27.01.2023 348

Ermenegildo Zegna Group reports 2022% revenue growth in 15,5

Italian group Ermenegildo Zegna ended 2022 with a 15,5% increase in revenue, although business results were impacted by anti-covid restrictions in the Bolshoi…
26.01.2023 411
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning