AHHH! This is the best news ever! I LOVE PAYLESS! I seriously am still sad that they closed! I got so many cool shoes from there over the years.
The new management team hails from licensing firm CAA-GBG and is led by that company’s former president, Jared Margolis.
“I am pleased to have the opportunity to lead this iconic retail brand into a new strategic phase with a strengthened balance sheet and clean financial outlook,” Margolis said in a statement.
Now if only It’s More Than Ice Cream can reopen!