Wolverine Worldwide is executing strategic actions to focus its portfolio and transform into a consumer-oriented growth company.
The company is accelerating the sale of a minority ownership interest in its Merrell and Saucony joint venture in China to Xtep for $61mn.
Additionally, it is selling its equity interest in the joint venture entities to Xtep.Wolverine Worldwide is executing strategic actions to focus its portfolio and transform into a consumer-oriented growth company.
The company is accelerating the sale of a minority ownership interest in its Merrell and Saucony joint venture in China to Xtep for $61mn.
Additionally, it is selling its equity interest in the joint venture entities to Xtep.
