By  on January 16, 2020

Payless ShoeSource has emerged from voluntary Chapter 11 with a new executive team led by Jared Margolis, former president of CAA-GBG, a licensing agency and joint venture between Global Brands Group and Creative Artists Agency.

The 64-year-old retailer filed for bankruptcy protection in February and subsequently shuttered its 2,500 stores in the U.S. The filing came less than two years after an initial petition in April of 2017. Payless closed 700 stores on its first trip to bankruptcy court, emerging after four months.

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