The American group has appointed Rick Blackshaw, who has served as president of Keds since January 2012, as president of Sperry Top-Sider. To fill the vacancy he leaves at Keds, Chris Lindner will take the opposite path.
The U.S. group has completed the integration of its PLG brand acquisition. Pro forma revenues rose to 1.96 billion euros, a 5.6% increase over 2012. The group forecasts growth in sales of 3% to 6% in 2014.
The U.S. footwear group doubled its revenue in the first quarter of 2013 ended March 23. The boost came mainly from newly acquired PLG brands, but these still managed to weigh on the company’s operating margin.
Wolverine Worldwide Inc is teaming up with two private equity firms to buy Collective Brands Inc in a $1.32 billion deal that will split Collective's shoe brands from its Payless ShoeSource retail business.
Shoe maker Wolverine Worldwide Inc reported a profit that beat market estimates for the seventh quarter in a row and raised its full-year outlook on strong international demand for its lifestyle brands such as Hush Pu...
Shoemaker Wolverine World Wide Inc reported a solid first quarter, getting a boost from the strong performance of its Outdoor unit, but a lackluster outlook pulled its shares down as much as 5 percent.
Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchan...