Wolverine worldwide announces initiatives to further drive shareholder value

Rockford, mich.--( business wire )--wolverine world wide, inc. (nyse: www) today announced planned changes to its portfolio. the company has started a formal process to divest or license the keds brand and wolverine leathers business, both of which are low-profit contributors. this move builds upon the company's strategy to reduce complexity and prioritize growth brands in an effort to increase long-term shareholder value.
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