Blum Capital Boosts Stake in Collective Brands (PSS) to 5.6%
In a pretty standard disclosure, Blum Capital did not make any direct requests on Collective Brands, but said they will monitor their investment and may enter discussions with management, the Board of Directors or others.
Collective Brands, Inc., through its subsidiaries, engages in the wholesale and retail of footwear and related accessories worldwide.
Blum Capital Partners is a $2.8 billion investment firm based in San Francisco. The firm makes strategic block and control investments in public and private transactions. The firm's investment strategy combines the private equity process applied to the public markets along with an ability to play a constructive and active role in unlocking value from portfolio companies through the implementation of financial, operational and governance initiatives.