A pair of private equity firms and shoemaker Wolverine World Wide plan to acquire Collective Brands, the parent of retailer Payless ShoeSource and owner of such product lines as Keds and Saucony, in a deal valued at $2 billion, or $1.32 billion excluding debt.
The buyers plan to divide up the company with Wolverine, which produces the venerable Hush Puppies line, buying the shoe brands and Blum Capital Partners and Golden Gate Capital acquiring Payless and Collective Licensing International (CLI).
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
