Wolverine completes PLG’s takeover, earns less

Wolverine Worldwide announced last week the slightly belated completion of its $1.24 billion acquisition of the Performance + Lifestyle Group of Collective Brands, which includes big shoe brands such as Saucony, Sperry Top-Sider, Keds and Stride Rite. For the parent company of Merrell, Sebago and other footwear brands, it is ...

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