CLOs on the Move

Collective Brands is banking on its collective efforts in shoe making and retailing. The holding company boasts a portfolio of premium and moderate footwear and accessories through its Performance + Lifestyle Group (PLG), a wide reach of some 4,455 Payless ShoeSource outlets in about 25 countries, and an established licensing and brand management unit in Collective Licensing. Collective Brands was formed in 2007, when powerhouse Payless ShoeSource acquired Stride Rite, which is primarily a wholesaler to department stores and operates leased departments at Macy's stores.