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The company has held talks with a small group of private equity firms, including Blackstone Group LP and KKR & Co LP, the person said, asking not to be identified because the discussions are confidential....

Payless ShoeSource announced an exclusive Pan India franchise arrangement with Reliance Retail, India's largest retailer. According to the arrangement Reliance Retail Limited, a division of India's largest private sector company, Reliance Industries Limited, will partner with Payless ShoeSource as its exclusive franchisee in India to...