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Expanded Wolverine Reorganizes Its Brand Groups

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Rockford, MI–Wolverine Worldwide today announced a reorganization of its four operating groups into three. The move follows the company’s acquisition of Collective Brands’ Performance + Lifestyle Group, which included Sperry Top-Sider, Saucony, Stride Rite and Keds brands. According to Blake Krueger, Wolverine’s chairman/ceo, the new alignment will maximize brand synergies …

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Wolverine, Golden Gate to Split Up Collective Brands in $1.32 Billion Deal

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Topeka, KA and Rockford, MI—Collective Brands will be split up in a $1.32 billion deal where Wolverine World Wide will take over four footwear brands, and private equity firms Blum Capital Partners and Golden Gate Capital will take over Payless ShoeSource and Collective’s international licensing business. Wolverine and Golden Gate …