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Rocky Brands sells sneaker brand

U.S. footwear retailer Rocky Brands Inc. said Nov. 27 that it sold its sneaker brand Creative Recreation to a private investment group.

Financial terms of the transaction were not disclosed.

The sale included the brand's inventory, product designs and molds, trademarks and related intangible assets.

Rocky Brands President and CEO Jason Brooks said the deal will allow the company to focus on its work, western, hunting and military categories.