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Article: Weyco Group Acquires Majority Interest in Its Australia, Asia Pacific and South Africa Licensees.
- Article from:
- PR Newswire
- Article date:
- January 23, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MILWAUKEE, Jan. 23 /PRNewswire-FirstCall/ -- On January 23, 2009, Weyco Group, Inc. ("Weyco") entered into a series of transactions to acquire the majority interest in the licensees of its Florsheim, Stacy Adams and Nunn Bush branded shoes in the Australian, Asia Pacific and South African markets. Weyco invested in a new subsidiary, Florsheim Australia Pty Ltd ("Florsheim Australia"), to acquire the operating assets and certain liabilities related to the Florsheim business from Figgins Holdings Pty Ltd, the former Australia licensee, and to acquire the stock of Florsheim South Africa Pty Ltd and Florsheim Asia Pacific Ltd, the other licensees. David Venner, the former ...
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