Collective Brands - Fashion Company Profile
Collective Brands was the Topeka, Kansas footwear group that existed from 2007 to 2012: Payless ShoeSource, having bought the Stride Rite Corporation - Sperry Top-Sider, Saucony, Keds and the Stride Rite children's business - renamed the combined company Collective Brands, briefly making one group of both America's largest self-service shoe chain and some of its best-known shoe brands. In October 2012 Wolverine Worldwide and two investment firms bought the group and split it along exactly that seam. The company no longer exists, and this page is its record.
Company Snapshot
- Status
- Acquired and split up - on October 9, 2012 a consortium of Wolverine Worldwide, Golden Gate Capital and Blum Capital completed its acquisition of Collective Brands for about $2.0 billion and divided it: the Performance + Lifestyle Group went to Wolverine, and Payless with Collective Licensing went to the two investment firms as Payless Holdings
- Type
- Was public - NYSE: PSS, until the 2012 acquisition
- Headquarters
- Topeka, Kansas, United States
- Founded
- 2007, when Payless ShoeSource acquired the Stride Rite Corporation and renamed itself Collective Brands
Company Profile
The group's five years are a case study in footwear consolidation: how the two halves were assembled is told in the profile section below, and the two successor filings - Payless and Stride Rite - are in this same folder of the directory.
The scale figures are dated and kept dated: it operates its business in four segments - Payless Domestic, Payless International, PLG Wholesale and PLG Retail - and as of January 28, 2012 it franchised 143 Payless and 20 PLG Retail stores; during the fiscal year ended January 28, 2012 it operated a total of 4,496 retail stores. On October 9, 2012, Wolverine Worldwide said it will complete its previously announced acquisition of Collective Brands' Performance + Lifestyle Group - Sperry Top-Sider, Saucony, Stride Rite and Keds - for $1.24 billion, a carve-out detail recorded separately from the consortium acquisition of the whole, and both statements are kept as recorded.
Collective Brands History
The earlier record for this company - its history, past brand line-ups, figures and photographs from the periods described - is kept on a separate page for historical reference.
Collective Brands History & Historical Profile →Common Questions
How was Collective Brands formed?
In 2007, when Payless ShoeSource acquired Collective Licensing International and, completing on August 17, 2007, The Stride Rite Corporation - three companies coming together, in the historical record.
How large was the group in its filed record?
4,496 retail stores operated in the fiscal year ended January 28, 2012, plus 143 franchised Payless and 20 franchised PLG Retail stores; ranked as the largest non-athletic footwear company in the Western Hemisphere.
What happened to Collective Brands in October 2012?
A consortium of Wolverine Worldwide, Golden Gate Capital and Blum Capital Partners acquired Collective Brands; Wolverine separately completed acquisition of the Performance + Lifestyle Group (Sperry Top-Sider, Saucony, Stride Rite and Keds) for $1.24 billion, as recorded.
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