M&A Deal Summary

Payless Shoes Acquires Reebok International - Above The Rim Brand

On January 15, 2010, Payless Shoes acquired apparel/textiles company Reebok International - Above The Rim Brand from Reebok

Acquisition Highlights
  • This is Payless Shoes’ 3rd transaction in the Apparel/Textiles sector.
  • This is Payless Shoes’ 3rd transaction in the United States.
  • This is Payless Shoes’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2010-01-15
Target Reebok International - Above The Rim Brand
Sector Apparel/Textiles
Buyer(s) Payless Shoes
Sellers(s) Reebok
Deal Type Divestiture

Target

Reebok International - Above The Rim Brand

Canton, Massachusetts, United States
Above The Rim Brand, with its rich heritage in the urban basketball market, to seize opportunities for the brand in the U.S. and across the globe. Above The Rim Brand the first basketball-themed apparel brand not associated with a basketball shoe. ATR has evolved to a basketball and urban brand covering product categories including footwear, apparel and accessories.

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Buyer(S) 1

Buyer

Payless Shoes

Topeka, Kansas, United States
Category Company
Founded 1956
Sector Retail
Employees14,100
Revenue 2.4B USD (2012)
DESCRIPTION
Payless Shoesource store in the Miller Hall Mall of Duluth, Minnesota.
Payless Shoesource store in the Miller Hall Mall of Duluth, Minnesota.

Payless Shoesource, Inc. is a specialty family footwear retailer in the Western Hemisphere, is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value.

DEAL STATS #
Overall 3 of 3
Sector (Apparel/Textiles) 3 of 3
Type (Divestiture) 2 of 2
State (Massachusetts) 2 of 2
Country (United States) 3 of 3
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-22 The Stride Rite

Lexington, Massachusetts, United States

The Stride Rite Corporation markets the major brand of high quality children’s shoes in the United States. Other footwear products for children and adults are marketed by the Company under well-known brand names, including Keds, Sperry Top-Sider, Tommy Hilfiger Footwear, Saucony, Grasshoppers, Robeez, Munchkin, Spot-bilt.

Buy $800M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Collective Licensing International

Englewood, Colorado, United States

Collective Licensing International LLC includes several youth lifestyle, athletic and board-sports inspired brands, including Airwalk, Hind, Vision Street Wear and Above The Rim.

Sell -

Seller(S) 1

SELLER

Reebok

Canton, Massachusetts, United States
Category Company
Founded 1895
Sector Apparel/Textiles
DESCRIPTION

Reebok is a producer of athletic shows and sports apparel. The Company was formed in 1895 and is based in Canton, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-08 The Hockey

Montreal, Quebec, Canada

The Hockey Co. is a designer, manufacturer and marketer of hockey equipment and related apparel. Its primary brands, CCM, Jofa and Koho are among the most widely recognized brands in the hockey industry. The company?s products are sold in 45 countries.

Buy $204M
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