Wolverine World Wide announced that it has sold the Sperry brand to Authentic Brands Group and the ALDO Group. The transaction closed on January 10 and will generate total proceeds of approximately $130M in the first quarter to pay down debt, further strengthening the company’s balance sheet.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WWW:
