Headlines

Collective Brands Gets New Owners

Company will be divided into two parts after deal

Published

12 years ago

May 2, 2012

VMSD Staff

Collective Brands (Topeka, Kan.) has been acquired by Wolverine Worldwide, Blum Capital and Golden Gate Capital for $2 billion, plus the assumption of debt, reports Women’s Wear Daily.

Through the agreement, Collective Brands will be split into two parts with Wolverine Worldwide taking over Collective Brands' Performance + Lifestyle Group, which includes the wholesale and retail operations of the Sperry Top-Sider, Saucony, Keds, and Stride Rite brands. Blum Capital and Golden Gate will become joint owners of Payless ShoeSource and Collective Licensing Intl.

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