Wolverine Worldwide Announces Initiatives to Further Drive Shareholder Value
Wolverine World Wide, Inc. (WWW)
Last wolverine world wide, inc. earnings: 4/22 06:30 am
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US:NYSE Investor Relations:
wolverineworldwide.gcs-web.com/investor-relations
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Source: Business Wire
Initiates Process to Divest or License Keds and Wolverine LeathersExpects 2023 Cost Savings Initiatives to Generate $65 millionPlans to Reduce Debt Through Working Capital Initiatives ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced planned changes to its portfolio. The Company has started a formal process to divest or license the Keds brand and Wolverine Leathers business, both of which are low-profit contributors. This move builds upon the Company’s strategy to reduce complexity and prioritize growth brands in an effort to increase long-term shareholder value.Process to Divest or License Keds and Wolverine Leathers“We believe the recent changes to our group reporting structure and the announcement of strategic alternatives for Keds and Wolverine Leathers, as part of our regular assessment of the portfolio, will put the business on an accelerated path to improved profitability and restore Wolverine as a best-in-class brand house,” said Brend
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Earnings
- 2/21/24 - Beat
WWW
Sec Filings
- 3/20/24 - Form ARS
- 3/20/24 - Form DEFA14A
- 3/20/24 - Form DEF
- WWW's page on the SEC website