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Article Date: February 2024
Word Count: 601

Wolverine Sees 2024 as Transition Year, but No Growth Yet


Finishing up a year of restructuring that included the divestiture of several brands, WWW CEO Chris Hufnagel touted the progress that’s already been made towards putting the company on a more solid footing for future growth. The sale of Sperry to Authentic Brands announced in Jan. was preceded by the divestiture of Keds, Hush Puppies’ Chinese IP, Wolverine Leathers in the U.S. and Asia, and a distribution center in Louisville, KY. Too, WWW sold its part equity in the Merrell & Saucony Chinese joint venture to partner Xtep, along with the ... Log in to view full article.

 


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