• Collective Licensing International, specializing in brand management and global licensing of its expanding portfolio of youth, lifestyle and high-quality fashion athletic brands.
Terms of the Transaction: Under the terms of the transaction, Payless ShoeSource would acquire all of the outstanding shares of Stride Rite for approximately $800 million plus assumed debt. The acquisition will be financed through existing cash resources and committed new financings.
Collective Brands will be built on the foundation of each company's individual core competencies and outstanding heritage. It will enjoy several competitive advantages: • The ability to target specific customer segments with branded products offered at a range of price points through the highly respected Payless and Stride Rite retail store chains and a vibrant wholesale distribution channel. • The preeminent position in children's footwear both at the premium and moderate level. • A stronger, more efficient organization with the scope and scale to manage all aspects of getting to market -- from interpretations of emerging trends through design, development, sourcing, logistics and distribution.
marketing@alchempro.com
