The privately held company, which explored thepossibility of a sale, said it had received several attractive offers butconcluded that it was in the best interests of the company to remain under itspresent ownership. The principal owners are sneakerologist Jerry Turner and hiswife, Margaret Oung. The decision was announced to employees in an internalnote. The ASG brands, mainly Avia, Ryka and Nevados, hadsales in the $225 million range. The package also included one factory in Chinathat accounts for about 25% ... Log in to view full article.