All Sweaty Betty articles – Page 2

  • News briefs

    S&P revises outlook for Wolverine Worldwide

    2022-06-02T09:34:00Z

    S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide hires Boston Consulting, re-iterates outlook

    2022-05-12T06:01:00Z

    Wolverine Worldwide is maintaining its full-year outlook that calls for total FY22 revenues of $2.775 to $2.85 billion. This represents a 15 to 18 percent year-over-year increase with the DTC segment representing approximately 30 percent of global revenues and the international segment another 35 percent. Wolverine’s top three brands, Saucony, ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Sweaty Betty delivers for Wolverine as Q4 revenues rise

    2022-02-24T12:18:00Z

    Wolverine Worldwide swung to a better-than-expected annual profit and narrowed final-quarter losses, boosted by its recent acquisition of Sweaty Betty, the U.K.-based brand of women’s fitness apparel, and it forecast sales growth of 15-18 percent for 2022. The Michigan-based owner of Merrell, Saucony, Sperry, Keds and other brands reported a ...

  • WW9
    Article

    Moving into women’s activewear, Wolverine buys Sweaty Betty

    2021-08-03T16:54:00Z

    Treading into interesting and promising new territory, Wolverine Worldwide unveiled its acquisition of Sweaty Betty, a fast-growing U.K.-based brand of women’s fitness and lifestyle apparel that was going to develop a collaboration with Merrell in the area of footwear. The all-cash transaction was closed on Aug. 2, giving the business ...

  • News briefs

    Sweaty Betty benefits from lockdowns

    2021-01-19T17:34:00Z

    Sweaty Betty’s revenues grew by around 60 percent between 2019 and 2020. With many consumers spending more time at home due to lockdowns and restrictions, the demand for British company’s joggers rose by 160 percent, while sales of Italian fleeces surged by 223 percent. The women’s fitness apparel brand continued ...

  • News briefs

    Sweaty Betty is reportedly looking for a new owner

    2020-11-03T15:11:00Z

    Sweaty Betty, the British brand of women’s activewear, has reportedly asked Goldman Sachs to help find a new investor. According to The Times, it is seeking a valuation of about £250 million (CONVERSION €278.16 million). The brand currently operates more than 60 mono-brand stores in the U.K., the U.S., Canada ...