Hear Brown Shoe Near Deal to Buy American Sporting Goods
After several years of on-and-off efforts to sell the parent of Avia, Ryka and several other brands, it appears that Brown Shoe is the leading contender to take over that business. ASG reportedly had sales of $220 million last year and a profit in the $10-15 million range. Brown Shoe is reportedly paying about $150 million for the business, which includes factory production in Northern China.
ASG ... Log in to view full article.
