US: Collective Brands shareholders to vote on sale
The deal, which will pay US$21.75 a share, would see Wolverine Worldwide take on Collective Brands Performance + Lifestyle Group, which includes the wholesale and retail operations of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands.
Meanwhile, private equity firms Blum Capital and Golden Gate will jointly acquire the operations of Payless ShoeSource and Collective Licensing International, which will operate as a standalone entity.
The vote is set to take place on 21 August.
Footwear chain Payless ShoeSource is laying off some 45 employees at its headquarters in Topeka and eliminating 97 open positions as part of ongoing restructuring efforts....
Footwear maker Wolverine Worldwide has today (8 January) outlined a number of organisational changes designed to help drive global growth following its acquisition of Collective Brands' Performance & ...
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