Wolverine Worldwide announces divestitures, staff cuts

By 2022-12-09T07:35:00

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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