US: Collective Brands sale completes
By Petah Marian | 9 October 2012
Wolverine Worldwide, Golden Gate Capital and Blum Capital have completed the acquisition of US footwear company Collective Brands.
The deal, valued at US$2bn, will see Wolverine Worldwide acquire Collective Brands' Performance + Lifestyle Group, which includes the wholesale and retail operations of the Sperry Top-Sider, Sacuony, Stride Rite and Keds brands.
Golden Gate Capital and Blum Capital now jointly own the operations of Payless ShoeSource and Collective Licensing International, which will together operate as a standalone entity called Payless Holdings.
Effective today, Collective Brands' common stock will no longer be listed or traded on the stock exchange.
Sectors: Retail
Companies: Collective Brands, Sperry Top-Sider, Payless ShoeSource, Collective Licensing International
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US: Collective Brands sale completes
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