Tag: wolverine

Wolverine Highlights ‘Woman-Made’ Structures and Female Trade Workers In New Campaign

Wolverine is encouraging more women to enter the historically male-dominated sector. This Women’s History Month, the Wolverine brand is uplifting women in the skilled trades. The Wolverine Worldwide-owned boot brand is rolling out a campaign to highlight female workers and encouraging more women to enter the historically male-dominated sector. Dubbed “Woman-Made,” the campaign encourages people to sign a petition to make […]

Wolverine Worldwide 2023 Sales, Profits Meet Guidance Following Transformational Year

Shares of Wolverine Worldwide nudged up under 1 percent Wednesday morning on the news that the footwear company finished 2023 with revenue and earnings that were in line with its guidance, as well as inventory and debt levels that were better than expected, after months of aggressive divestitures and cost cutting measures. Even still, the Rockford, Mich.-based company reported that revenues in […]

Wolverine Worldwide Announces Jim Zwiers Exiting Company; Bishu Jayaram Named Chief Supply Chain Officer

Wolverine Worldwide announced on Thursday the departure of Jim Zwiers, a 25-year company veteran, who will leave in 2024. He most recently served as executive vice president and president of the global operations group. “Jim has dedicated his time and talent to Wolverine Worldwide for the last 25 years,” Wolverine Worldwide president and CEO Chris Hufnagel […]

Wolverine Worldwide to Sell More of Its Leather Business, Announces New Operating Model in China for Merrell & Saucony

Wolverine Worldwide on Monday announced new deals meant to cut costs and continue the ongoing transformation of its business. Among these moves include a new licensing model for the company’s Merrell and Saucony brands in China as well as a deal to sell its Asia-based leathers business. “We’ve taken fast, bold, and decisive actions to stabilize the company today, while working to […]

Wolverine’s New CEO Has Analysts and Footwear Industry Players Feeling Optimistic

Wolverine Worldwide has a new top dog — and analysts are feeling overall positive about the leadership change. After announcing the sudden firing of its CEO Brendan Hoffman on Thursday, Wolverine named Christopher Hufnagel, formerly president of the company, as president and CEO. Hufnagel joined Wolverine in 2008 and served in several leadership roles before being named president in May 2023. In […]

Wolverine to Close Boston Campus, Consolidate US Offices to Michigan

In tandem with a major leadership shift at the CEO level, Wolverine on Thursday announced the planned closure of its Boston headquarters by the end of the year and the consolidation of its offices across the U.S. to its Rockford, Mich., campus. The announcement came as Wolverine Worldwide announced sagging results for the second quarter, as well as the sudden exit of CEO Brendan Hoffman. The company […]

Wolverine Worldwide Promotes Chris Hufnagel to Company President, Names New Global Brand Presidents at Merrell & Saucony

Wolverine Worldwide announced several senior leadership changes on Wednesday as the footwear company looks to accelerate its global brand-building efforts. Among the major changes includes the promotion of Chris Hufnagel to president. According to the Rockford, Mich.-based company, Hufnagel will now be responsible for leading and driving strategy across the company’s portfolio of footwear brands, along with leading […]

Wolverine Worldwide Plans to Lay Off Sweaty Betty Employees As It Reorganizes Brand

Wolverine Worldwide is preparing to lay off employees in its Sweaty Betty brand as it looks to improve its cost structure. Wolverine did not confirm how many employees would be impacted by the staff reduction, which was described as a proposed reduction, and announced other changes to improve the business, such as consolidating office space […]

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