 At the liquidation auction, Peter Edison—a grandson of the founders who had been the last family member associated with Edison Brothers when he left the company in 1997—bought the Bakers chain and some Wild Pair locations for $8 million.He merged the operations into the shoe retailer he was operating, Weiss & Newman, and renamed it Bakers Footwear Group.Noting that "Bakers had become synonymous with cheap shoes," Edison set about reviving the chain, closing unprofitable stores and remodeling the remainder.