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Volume 10 No. 25
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Finance Notes: Brown Shoe Company Sells Avia, Nevados Brands For $74M

Brown Shoe Company has announced that it is selling Avia, its brand of running, walking and fitness-oriented footwear, along with Nevados, an outdoor shoe brand, to Galaxy Brand Holdings for $74M (ISPO). ... Bike manufacturer Specialized and Invista, the brand owner of Coolmax and Lycra, joined forces to support governmental action against illegal websites designed to distribute counterfeits in the U.S. and around the world (ISPO).