Brown Shoe to sell and 1 men's basketball brand for $55 million
Brown Shoe said Thursday it plans to sell AND 1, a men's basketball and lifestyle brand, to Galaxy International, a newly formed brand management company in New York, for $55 million in cash.
Nike Inc. completed the sale of its Bauer Hockey unit to an investor group led by private equity firm Kohlberg & Co. and Canadian businessman W. Graeme Roustan for $200 million in cash.