All Wolverine Worldwide articles – Page 3
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Wolverine amends its credit facilities
Wolverine Worldwide has amended and extended its credit agreement with JP Morgan Chase, refinancing a $200 million term loan and taking its existing revolving credit up from $800 million to $1 billion. The maturity of both credit facilities has been stretched to end on Oct. 21, 2026. There was an ...
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Wolverine plans to offer $550m in 4.000% notes
Wolverine Worldwide announced the planned issue to institutional investors of $550 million worth of new senior notes due in 2029 bearing annual interest of 4.000 percent. It will use the proceeds to redeem all its outstanding 6.375 percent notes due in 2026 and 5.000% notes due in 2026. The ...
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Designer Brands to be exclusive distributor of Hush Puppies in North America
The U.S. footwear producer and retailer Designer Brands will become the exclusive in-store distributor of Hush Puppies in North America from 2022. “DSW customers have enjoyed Hush Puppies for years, and we are delighted to become the sole physical destination for this iconic brand in North ...
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Wolverine buys Sweaty Betty
Wolverine Worldwide has bought Sweaty Betty , a fast-growing U.K.-based brand of women’s fitness and lifestyle apparel that was going to develop a collaboration with Merrell , which is owned by Wolverine, in the area of footwear. The all-cash transaction was closed on Aug. 2, giving the business ...
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ArticleWolverine raises FY outlook again after strong Q2
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony , on which the group has been investing more ...
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Deerfoot stops working for Saucony in Iberia, takes on Diadora
According to the Spanish trade publication Tradesport , Deerfoot Sport ’s contract to handle the distribution for Saucony on the Iberian Peninsula came to term on Dec. 31 and was extended to June 1 but no further. Saucony’s parent company, Wolverine Worldwid , began establishing operations of its own ...
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Wolverine sees Q2 revenues increasing year-on-year
Wolverine World Wide expects second-quarter revenues to grow year-on-year. The company noted that its performance has accelerated in the second quarter of the year, driven by the strength of its largest brands, Merrell , Saucony and Sperry , and “compelling product innovations.” The company’s portfolio also includes Hush ...
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ArticleWolverine Worldwide appoints new executives for the group and Sperry
Isabel Soriano has been named president of international for Wolverine World Wide, Inc . Soriano joined the group in 2018 as vice president and managing director of EMEA, responsible for leading all of the company’s brands in the region, including Merrell , Saucony , Sperry , Cat Footwear , ...
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ArticleWolverine raises guidance after strong first quarter
Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. ...
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News briefsWolverine appoints Kathleen Wilson-Thompson to board of directors
Wolverine World Wide, Inc. appointed Kathleen Wilson-Thompson to its board of directors. An experienced top executive, she is currently a member of Tesla ’s board of directors and brings global retail experience in senior management positions and a total of 14 years as a director for three publicly ...
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Saucony takes charge of its Iberian distribution
Saucony is taking charge of its own distribution on the Iberian Peninsula through a new subsidiary. For the past couple of decades the Wolverine -owned brand has relied on a company called Deerfoot Sport for its business in Spain, Portugal and Andorra. The new subsidiary will be headed ...
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Wolverine gets S&P upgrade
Standard Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit, while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repayed a $171 million, 364-day loan contracted because of the coronavirus pandemic and ...
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ArticleWolverine posts weak results but is hopeful for 2021
The year 2020 was a difficult one for Wolverine Worldwide . Looking on the bright side, the management said it delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next 12 to 16 months. The group posted a double-digit sales decline in ...
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Wolverine makes two big executive appointments
Wolverine Worldwide has made a couple of executive appointments to ring in the new year. It has expanded the duties of Jim Zwiers , the current president of its international group. Zwiers is now also president of Wolverine’s global operations group, overseeing portfolio-wide sourcing, logistics, distribution, customer service ...
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News briefsSperry names Elizabeth Drori head of marketing
Sperry has appointed Elizabeth Drori as chief marketing officer. Before joining Sperry, which is part of Wolverine Worldwide , Drori worked for nearly three years at Walmart , where she became head of fashion marketing. Prior to Walmart, she was vice president in charge of strategic initiatives ...
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ArticleBetter-than-expected Q3 results for Wolverine
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco. The impact of coronavirus-related restrictive measures on retail was partly offset by a growth of 56.4 percent in the ...
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ArticleWolverine takes its sales conference digital again
Because of Covid-19 and its related safety measures, Wolverine Worldwide has expanded its partnership with Envoy B2B, taking its buyers’ conference digital. The American company was obliged to cancel its Global Brand Conference in the spring, depriving its 12 brands of a means to introduce their new products ...
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Wolverine releases a bourbon-themed boot
Wolverine has collaborated with Old Rip Van Winkle Distillery of Kentucky on a limited-edition boot, timing its release on Oct. 1 to coincide with that of the distillery’s bourbons. Made in the U.S., the boot is a cap-toe 1000 Mile silhouette with Horween Cavalier Squash leather, gold ...
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Wolverine adopts First Insight's consumer analytics
Wolverine Worldwide has announced a strategic partnership with First Insight under which it will deploy its Voice of the Customer predictive analytics solution across its portfolio of 12 brands, including Merrell, Sperry, Saucony, Hush Puppies and Keds . The deal follows a successful test conducted by ...
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ArticleOmni-channel retail specialist to become new president of Wolverine Worldwide
Brendan Hoffman will take office on Sept. 8 as the new president of Wolverine Worldwide, the company announced earlier this week. Hoffman will then also join the company’s board of directors. Source: Wolverine Worldwide Brendan Hoffman The omni-channel retail specialist brings 30 ...
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