Golden Gate Capital, an
investor in PacSun, and bootmaker Wolverine are working together to
secure Collective against South Korean conglomerate E-Land Group. If
Golden Gate and Wolverine win the auction, they plan to split up the
brands, with Wolverine taking the footwear labels including Airwalk,
Saucony, and Vision, according to an article in the Wall Street Journal. There’s no word on the future of Sims at this point.
According to WSJ; “A deal could be announced within a week, said one person familiar with the matter.”
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