Content about American Sporting Goods

October 26, 2011

Brown Shoe Co. said it has finalized the sale of its And 1 men’s performance and lifestyle brand to Galaxy International for $55 million.

St. Louis -- Brown Shoe Co. said Wednesday it has finalized the sale of its And 1 men’s performance and lifestyle brand to Galaxy International for $55 million.

The And 1 brand was part of the $145 million American Sporting Goods acquisition that Brown completed last February in a move to expand its reach into the fitness category.

Brown Shoe said it plans to use the proceeds from the sale of And 1 to pay down debt.