Airwalk | 07/30/14
NY POST –
Dealmaker Jamie Salter has scooped up yet another athletic brand.
Salter’s firm Authentic Brands Group — whose fast-growing portfolio of properties includes Marilyn Monroe, Juicy Couture and Hickey Freeman — has acquired sneaker brand Airwalk from Payless ShoeSource.
The deal also includes lifestyle and board-sports labels Hind, Vision Street Wear, and Above The Rim, together accounting for upwards of $600 million in sales, according to people briefed on the businesses.
As part of the agreement, Payless will keep the right to market and sell Airwalk-branded products in its company-owned and franchise stores and online. Payless ShoeSource floats an Airwalk sale
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