Tuesday, June 26, 2007

UPDATE 1-Payless becomes exclusive US retailer for Dexter

(Reuters) - The deal is the latest step in Payless' "House of Brands"
strategy, in which the company aims to transform itself from a
shoe retailer into a brand-holding force in the footwear
industry. Shareholders will vote later this year on the
company's proposed name change to Collective Brands Inc.




Dexter is now part of a growing stable of brands for
Payless, which also includes Airwalk, American Eagle ,
Tailwind, Champion, Spalding and Dunkman.


Read more at Reuters.com Mergers News

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