US discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million (£546 million) in debt as foot traffic at its stores declines, according to sources.
Following a complicated quarter, the US footwear company has announced the departure of its COO and SVP of global supply chain. It is altering its organizational structure with the arrival of Phil Blake as SVP of glob...
Nike Inc is in final negotiations to sell its Cole Haan handbag and shoe brand to private equity firm Apax Partners, in a deal that could fetch around $500 million, according to three people familiar with the matter.
Though Wolverine Worldwide are expecting to gain $1.64 billion this year thanks to the acquisition of Collective Brands Inc. last week, the group is still struggling after poor results from previous quarters.
Private equity firms TPG Capital Management and Apax Partners are among several parties in the running to buy Nike's leather handbag and shoe maker Cole Haan, according to three people familiar with the matter.