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Surprise acquisition will help Wolverine “build beyond footwear”

03/08/2021
Surprise acquisition will help Wolverine “build beyond footwear”

Outdoor footwear group Wolverine World Wide has announced the surprise acquisition of UK-based activewear and lifestyle clothing brand Sweaty Betty.

Wolverine has acquired all of the equity of Lady of Leisure InvestCo Limited, which owns the Sweaty Betty brand, from private equity firm L Catterton and other shareholders. It will pay a total of $410 million.

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