Wolverine Worldwide Announces Actions to Fuel Sweaty Betty’s Long-Term Growth
Wolverine World Wide, Inc. (WWW)
Last wolverine world wide, inc. earnings: 4/22 06:30 am
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Source: Business Wire
Sweaty Betty to further leverage global centers of excellence and streamline operations ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today actions intended to improve operating performance, fuel global growth, and enable future investments into Sweaty Betty, a global premium women’s activewear brand acquired in August 2021.Sweaty Betty will now report into Wolverine Worldwide’s London-based International Group, which is responsible for the Company’s operations outside the United States. This move will more closely align Sweaty Betty with Wolverine’s global centers of excellence.“Bringing Sweaty Betty under Isabel Soriano and the International Group fits perfectly with our strategy to prioritize resources and support to the brands with the biggest global growth opportunities,” said Brendan Hoffman, Wolverine Worldwide’s President and Chief Executive Officer.
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