M&A Deal Summary

Payless Shoes Acquires The Stride Rite

On May 22, 2007, Payless Shoes acquired apparel/textiles company The Stride Rite for 800M USD

Acquisition Highlights
  • This is Payless Shoes’ 2nd transaction in the Apparel/Textiles sector.
  • This is Payless Shoes’ largest (disclosed) transaction.
  • This is Payless Shoes’ 2nd transaction in the United States.
  • This is Payless Shoes’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2007-05-22
Target The Stride Rite
Sector Apparel/Textiles
Buyer(s) Payless Shoes
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

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.

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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 2 of 3
Sector (Apparel/Textiles) 2 of 3
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 2
Country (United States) 2 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-24 American Eagle Brand

Pittsburgh, Pennsylvania, United States

American Eagle(TM) brand for footwear and accessories, joins Champion(R), Airwalk(R), Spalding, and Shaquille O’Neal endorsed Dunkman(TM) and the Dunkman Game Shoe lines – all among the family footwear and accessory brands offered.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-15 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.

Buy -