Announced
Completed
Financials
Tags
Friendly
Completed
Single Bidder
United States
Private Equity
clothes
Private
Clothing and Accessories
Majority
Acquisition
Domestic
activewear clothes
Synopsis
Wolverine World Wide, a footwear manufacturer, completed the acquisition of Sweaty Betty, an activewear brand, from L Catterton for $410m. “The acquisition of Sweaty Betty complements our strategic shift over the last several years from a traditional footwear wholesaler into a consumer-obsessed, digital-focused growth company. It also gives us a leadership position in the growing women’s activewear category,” Blake W. Krueger, Wolverine Chairman and CEO.
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