Women’s Wear Daily
04.20.2014
business
business

Year in Review: Dealmaking Highlights

Merger-and-acquisition activity started early this year with the blockbuster Collective Brands deal.

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Payless

Libby and Sam Edelman

Photo By John Aquino

Brian Atwood

Photo By John Aquino

John Varvatos

Photo By John Aquino

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COLLECTIVE BRANDS INC.
Price: $2 billion ($1.2B for PLG, $800M for Payless/CLI)
Seller: self
Buyers: Wolverine World Wide Inc. (for PLG) and Blum Capital/Golden Gate Partners (for Payless/CLI)
The deal of the year is not without controversy. It remains to be seen how much PLG will add to Wolverine’s bottom line, while Payless continues its turnaround.

COLE HAAN
Price: $570 million
Seller: Nike Inc.
Buyer: Apax Partners
Nike got more for this brand than industry insiders expected. Apax hired former Converse CEO Jack Boys to spearhead growth in the U.S. and internationally.

UMBRO
Price: $225 million
Seller: Nike Inc.
Buyer: Iconix Brand Group Inc.
Iconix wants to expand the brand traditionally known for soccer cleats into lifestyle apparel, such as tracksuits and T-shirts.

LACROSSE FOOTWEAR   
Price:
$138 million   
Seller: self   
Buyer: ABC-Mart Inc.   
This deal could be the first of several involving foreign buyers of U.S. firms.

HEELYS   
Price:
$62.3 million   
Seller: self   
Buyer: Sequential Brands Group   
Heelys saved itself from dissolution when it found a new buyer that wants to scale the brand globally by signing licensing partners for all lifestyle categories.

SAM & LIBBY
Price:
undisclosed   
Seller: The Jones Group Inc.   
Buyer: Brown Shoe Co.   
The brand has been reunited with its founders, Sam and Libby Edelman, who hope to explore additional creative avenues.

THE ATHLETE’S FOOT   
Price:
undisclosed   
Seller: Global Franchise Group   
Buyer: IIC Intersport International   
The acquisition allows Intersport to move into new markets like the U.S., Australia, Indonesia and New Zealand, and take advantage of emerging consumer areas.

BRIAN ATWOOD   
Price:
undisclosed   
Seller: Atwood   
Buyer: The Jones Group Inc.   
With the backing of Jones, one of Hollywood’s favorite shoe designers opened his first flagship in New York this year and plans to launch more product categories soon.

FLEET FEET   
Price:
undisclosed   
Seller: CEO Tom Raynor   
Buyers: Company officers/Investors Management Corp.   
The management-led buyout is helping the chain accelerate the growth of its store base.

JOHN VARVATOS   
Price:
undisclosed   
Seller: VF Corp.   
Buyer: Lion Capital LLC   
Lion Capital said it believes the label “has legs and the ability to be expanded [to] four to five times the size it is today.”

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