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Wolverine, Golden Gate to Split Up Collective Brands in $1.32 Billion Deal

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Topeka, KA and Rockford, MI—Collective Brands will be split up in a $1.32 billion deal where Wolverine World Wide will take over four footwear brands, and private equity firms Blum Capital Partners and Golden Gate Capital will take over Payless ShoeSource and Collective’s international licensing business. Wolverine and Golden Gate …