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It was announced on May 1, 2012, that the company would be purchased by Wolverine World Wide, Blum Capital, and Golden Gate Capital for US$1.32 billion. On December 13, 2016 it was reported that all Payless shoe stores in Australia were to be closed with the loss of 730 jobs.
It is the largest real estate franchise in the United States by sales volume as of 2022. [ 3 ] Founded in 1983 by Gary Keller and Joe Williams, it grew from a single office in Austin to approximately 1,100 offices and over 200,000 associates worldwide as of 2022. [ 3 ]
Reef is a brand of casual sandals, known as flip-flops (Australia: thongs, New Zealand: jandals), created by two Argentine brothers, Fernando and Santiago Aguerre. In 1984, they moved from Argentina to the San Diego beach community of La Jolla , California, where they began Reef.