Corporate and M&A

Wolverine to divest Keds and leather business, announces staff reductions

By SGI Europe 9 December 2022

WOLVERINE-WORLDWIDE-INC.1

Driven by a focus on increasing long-term shareholder value, Wolverine Worldwide is divesting or licensing its Keds brand and Wolverine leather business segments and is initiating an unspecified headcount reduction. The staff cuts are projected to result in approximately $30 million in savings for the company in 2023, and the ...

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