Payless ShoeSource to acquire Collective Internati - footwearbiz: Lead

News

Payless ShoeSource to acquire Collective International

08/03/2007
 
US footwear retailer Payless ShoeSource is to acquire privately-held youth lifestyle products company Collective International, LP, based in Denver.The purchase price is expected to be approximately $91 million and the transaction is expected to close in the first half of the company’s fiscal 2007.

Collective's main focus is the growing active sport lifestyle market driven predominantly by the skate- and snowboard-inspired trends, particularly for young people. Its brands include Airwalk, Vision Street Wear, Lamar, Sims, LTD, genetic, Dukes, Rage, Ultra-Wheels and Skate Attack.

Payless plans to operate Collective as a wholly-owned subsidiary headed by its existing president and CEO Bruce Pettet.


footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.