WWW has shed the Keds brand to DSW’s parent and will also grant an exclusive license to DBI for Hush Puppies footwear in the U.S. and Canada, netting Wolverine over $90 million in cash. Proceeds from the transactions will be used to pay down debt and strengthen WWW’s capital structure. In Dec., Wolverine outlined a broadly focused turnaround plan that involved divesting or converting its Keds footwear and Wolverine Leathers businesses to allow it to focus on its fast-growing Merrell, Saucony and Wolverine brands, as ... Log in to view full article.