M&A Deal Summary

Payless Shoes Acquires American Eagle Brand

On May 24, 2006, Payless Shoes acquired apparel/textiles company American Eagle Brand from Jimlar

Acquisition Highlights
  • This is Payless Shoes’ 1st transaction in the Apparel/Textiles sector.
  • This is Payless Shoes’ 1st transaction in the United States.
  • This is Payless Shoes’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2006-05-24
Target American Eagle Brand
Sector Apparel/Textiles
Buyer(s) Payless Shoes
Sellers(s) Jimlar
Deal Type Divestiture

Target

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.

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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 1 of 3
Sector (Apparel/Textiles) 1 of 3
Type (Divestiture) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2006) 1 of 1
FOLLOWING 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

Seller(S) 1

SELLER

Jimlar

Great Neck, New York, United States
Category Company
Founded 1956
Sector Apparel/Textiles
DESCRIPTION

Jimlar is a designer, distributor and supplier of footwear in the U.S. and internationally, producing footwear under license from Coach and Calvin Klein as well as its own brands Frye, Mountrek and RJ Colt.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
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