Business
Payless ShoeSource completes financial restructuring
Wednesday, August 23, 2017
Payless ShoeSource has announced that its North American entity successfully emerged from its Chapter 11 restructuring as the number one specialty footwear retailer in the US and one of the largest in the world with about 3,500 brick and mortar stores 400 of these in Latin America and the Caribbean.
Following the completion of the company’s restructuring, Paul Jones will retire as chief executive officer. The post-emergence board of directors will begin a search to identify a new chief executive officer to lead Payless forward, according to a news release.
In the interim, Payless will be led by a newly appointed executive committee compri…
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