Displaying items by tag: Wolverine World Wide Inc

ROCKFORD — Footwear and apparel company Wolverine World Wide Inc. is selling the trademarks for the Champion sneaker marketed by its Keds LLC subsidiary to HanesBrands Inc. in a move that settles an ongoing and bitter dispute between the two businesses.

When outdoor footwear brand Merrell sought a fresh idea to promote sustainability and conservation, it turned to the innovation team at parent company Wolverine World Wide Inc.

ROCKFORD — Footwear manufacturer Wolverine World Wide Inc. has shifted its focus to the e-commerce segment of its business complete with a new hire.

ROCKFORD — Executives at footwear and apparel company Wolverine World Wide Inc. say the actions they took earlier in the year in reaction to the COVID-19 pandemic paid off in “much stronger than expected” quarterly financial results. 

Powered by hundreds of highly trained volunteers, the Kent County Tax Credit Coalition helps working individuals and families in the region receive important refunds during tax season.

When tobacco companies settled claims with dozens of states in the late 1990s over the use of deceptive marketing tactics, trial lawyers took home billions of dollars in what remains a contentious example of lawyers’ fees for representing the government.

West Michigan businesses are adapting their strategies to help address the unexpected rise of PFAS contamination as an issue, albeit mostly in measured steps as the quickly changing scenario continues to play out. But regardless of how they are reacting to doing business in the era of intense public scrutiny around PFAS, companies involved in everything from analytical testing to litigation expect the issue to remain front and center for the foreseeable future.

After stories began to emerge in late 2017 that tannery wastes had contaminated the Rogue River, customers at nearby Rockford Brewing Co. started expressing concern about the safety of drinking the beer. Even though Rockford Brewing was connected to municipal water, which has tested non-detect for the PFAS family contaminants over four rounds of testing, the brewery still faced a possible PR crisis, said co-owner Seth Rivard.

The city of Grand Rapids is interested in collaborating with a Lansing scientist who has developed a process that he says can destroy PFAS pollution in drinking water and wastewater, a hot-button issue locally and statewide.

With the “heavy lifting” of its restructuring plan mostly completed, shoe and apparel marketer and retailer Wolverine World Wide Inc. plans to turn its attention to growth in 2018.

Wolverine World Wide Inc. has sold the assets related to its Department of Defense contract footwear business to Morristown, Tenn.-based Original Footwear.

While Houston was reeling from the effects of Hurricane Harvey, employees of Wolverine World Wide Inc. began circulating an email chain with ideas about how they could help with the recovery efforts.

With strong cash flow in the first half of the year and backed by a positive outlook for the rest of 2017, executives at Wolverine World Wide Inc. are getting aggressive in pursuing new growth opportunities.

Here is the MiBiz Growth Report for Aug. 7, 2017.

• M&A: Rockford-based Wolverine World Wide Inc. has sold its Sebago brand of boat shoes to an offshoot of BasicNet S.p.A., a clothing and footwear company based in Turin, Italy. A subsidiary, TOS S.r.l., acquired the intellectual property rights for the Sebago trademarks and other assets in a deal valued at $14.25 million, excluding acquisition-related charges, according to a statement from BasicNet. For Wolverine, the move to offload the Sebago brand comes as part of a larger strategy that executives hope will streamline the organization and increase profitability amid a challenging consumer goods market. The two companies agreed to transition the brand to the new owner through the end of this year. Wolverine (NYSE: WWW) acquired Sebago Inc., a maker of penny loafers and docksiders boat shoes, in 2003.

Wolverine World Wide Inc. closed its fourth quarter with revenues modestly higher than expected by Wall Street analysts, while reporting full year fiscal results in-line with its previous guidance.

More than a year into his tenure at Wolverine World Wide Inc., Tom Kennedy will now lead the global footwear manufacturer’s Sperry brand.

Wolverine World Wide Inc. is preparing to bid on a military contract that could result in it producing the Saucony brand of athletic shoe at its Big Rapids facility.

GRAND RAPIDS — Detroit-based Honigman Miller Schwartz and Cohn LLP wants to build a presence in the Grand Rapids market based on the talent the law firm can attract.

An ongoing saga of volatility in the global retail market has continued to drive down performance at Wolverine World Wide Inc.

Here is the MiBiz Growth Report for Sept. 19, 2016.

• M&A: Zeeland-based BiaCare Corp., a manufacturer of compression garments and bandages, was acquired by SIGVARIS Group, a Swiss maker of medical compression textiles. BiaCare was founded 12 years ago and employs 22 people in Zeeland, according to a statement. The company developed a range of compression products with velcro wraps to treat lymphedema, lipedema and chronic venous insufficiency. Terms of the deal were not disclosed. SIGVARIS pursued the acquisition as part of its international growth strategy for medically complex compression applications, calling BiaCare “a pioneering leader” in the segment. For BiaCare, the deal “significantly increases our ability to provide physicians and therapists the compression solutions they need,” according to President Keith Hoffman. 

Wolverine World Wide Inc. is investing approximately $1 million into an expansion at its Big Rapids facility, which primarily manufactures its Bates brand of military footwear.

An executive with long ties to the West Michigan business community has a new appointment to the leadership team at a Pennsylvania university.

Footwear and apparel marketer Wolverine World Wide Inc. reported better-than-expected result for its second quarter, although sales were down compared to last year.

British voters wanted to send a message with the Brexit vote, and it was certainly heard loud and clear by manufacturers in West Michigan. 

Wolverine World Wide Inc. reported declining revenues in the first quarter of its 2016 fiscal year, in line with what the company’s executives predict to be a challenging year.

The number of entrepreneur-themed programs developed for non-business students continues to grow across West Michigan liberal arts schools.

Wolverine World Wide Inc. reported declining revenues in the fourth quarter and for its 2015 fiscal year.