U.S. Shoe Corp. to Sell Unit: The...

U.S. Shoe Corp. to Sell Unit: The Cincinnati firm said it will sell its footwear division, its name and its headquarters to a management-led group for $422.5 million in cash. The purchase excludes U.S. Shoe’s Cincinnati-based LensCrafters division and the women’s apparel retail division. Key executives of U.S. Shoe’s footwear division, including Howard Platt, a company executive vice president who is president of the footwear division, are leaders in the purchasing group, U.S. Shoe said. The division sells boots through its Texas Boot and Wrangler Boot divisions and markets Amalfi, Bandolino, Calvin Klein, Capezio, Cobbie, David Evins, Easy Spirit, Evan Picone, Garolini, Innovations, Joyce, Liz Claiborne, Pappagallo, Red Cross Shoes and Selby lines.