Brown Shoe sells Avia and Nevados brands at 74 million
Brown Shoe Co. has announced the sale of its Avia and Nevados brands to Galaxy Brand Holdings Inc. for 74 million dollars. The shoe retailer will however retain Ryka and other brands, and said it plans to use the proceeds from the sale to pay down debt. “Although we were not actively marketing Avia for sale, it’s a great brand with a strong...
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