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Wolverine to wrap sale process for Sperry by end of Q1

Illustration of a pair of sneakers with a dollar sign insignia

Illustration: Sarah Grillo/Axios

Wolverine Worldwide aims to conclude a sale process for its footwear brand Sperry by the end of Q1, its CFO Michael Stornant said.

Why it matters: The footwear conglomerate has been undergoing a transformation over the past year, selling brands such as Keds, its leathers business and the intellectual property for Hush Puppies in China.

Of note: The comments were made during at presentation made at the ICR Conference being held in Orlando.

Details: The company is focusing on key brands such as Merrell, Saucony and Sweaty Betty, its CEO Christopher Hufnagel said.

  • The sale of Sperry should conclude Wolverine's brand divestiture, Stornant said, speaking from the sidelines of the presentation.
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