Wolver­ine sells Se­bago

Shoes & Accessories - - The Month That Was Updates | International -

“As an or­ga­ni­za­tion, we have al­ways been ac­tive port­fo­lio man­agers, with a sharp fo­cus on our high­est-value op­por­tu­ni­ties. We have re­cently com­pleted a strate­gic re­view of our ex­ist­ing port­fo­lio and have been ex­plor­ing a va­ri­ety of al­ter­na­tives for some of our smaller brands and busi­nesses”, com­mented Blake Krueger, Chair­man, Chief Ex­ec­u­tive Of­fi­cer and Pres­i­dent, adding: “We be­lieve the de­ci­sion to di­vest Se­bago will al­low us to fo­cus on ac­cel­er­at­ing our most im­por­tant op­por­tu­ni­ties while en­hanc­ing share­holder value.” The com­pany con­tin­ues to make sig­nif­i­cant progress to­ward its WOLVER­INE WAY FOR­WARD strate­gic trans­for­ma­tion, and the sale of the Se­bago busi­ness is part of the com­pany’s on­go­ing ef­fort to op­ti­mize the or­ga­ni­za­tion to ex­cel in the “new nor­mal,” a fast-evolv­ing con­sumer and global mar­ket­place. With a fo­cus on four key sprint lanes – growth and in­no­va­tion, op­er­a­tional ex­cel­lence, port­fo­lio man­age­ment, and peo­ple and teams – the WOLVER­INE WAY FOR­WARD is, ac­cord­ing to Wolver­ine’s man­age­ment, the most com­pre­hen­sive trans­for­ma­tion ef­fort in the com­pany’s long his­tory.

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