If the shoe fits, buy multiple pairs. That about sums up the philosophy of Payless Holdings, the parent company of value-priced family footwear chain Payless. With some 4,300 company-owned and franchised stores worldwide, Payless ShoeSource is one of the world's largest sellers of shoes and accessories. Paired with Payless is Collective Licensing International (CLI), a global brand development and marketing firm for youth-focused brands, including Airwalk, Clinch Gear, and Vision Street Wear. Payless Holdings was formed in 2012 following the sale and breakup of Collective Brands, the former parent company of Payless and CLI. Payless Holdings is owned by investment firms Golden Gate Capital and Blum Capital.