Xtep purchases Wolverine’s stake in joint venture

By 2023-12-19T07:22:00

Xtep_company_logo

Xtep Intl. is paying Wolverine Worldwide $61 million for its share of a joint venture that the two companies established in 2019 for the distribution of the Saucony and Merrell brands in Greater China, Hong Kong and Macau. Additionally, due to the early success and profitability of the Saucony brand ...

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