Wolverine World Wide Continues Portfolio Transformation With Sale Of Hush Puppies IP In China, Hong Kong, And Macau, And U.S. Leathers Business
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide has sold its Hush Puppies intellectual property in China, Hong Kong, and Macau, as well as its U.S. Leathers business, as part of its ongoing portfolio transformation.
September 01, 2023 | 5:53 am
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Wolverine World Wide's sale of Hush Puppies IP and U.S. Leathers business could streamline operations and potentially improve profitability.
The sale of these assets is part of Wolverine World Wide's portfolio transformation, which could streamline its operations and focus on its core businesses. This could potentially improve the company's profitability in the short term, which would likely have a positive impact on its stock price.
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IMPORTANCE 75
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