Wolverine buys Sperry and other brands

Wolverine World Wide has won the bidding for the Performance + Lifestyle Group (PLG) of Collective Brands, which includes Saucony, Sperry Top-Sider, Stride Rite and Keds. It will pay $1.23 billion for these operations, which were the milk cow of the loss-making company. They will add revenues of about $1 ...

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