Wolverine World Wide completed the acquisition of Sweaty Betty from L Catterton for $410m.

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.