Wolverine’s quarter does not stand out, but it is not disappointing either. The group to allocate 3 million dollars for cleanup intervention in Michigan

Positive trend goes on for the third quarter in a row, while consistently focusing on organic growth. Looking at the chart for the term ended on September 30, US group Wolverine Worldwide, who has control over some brands such as Merrell and Saucony (amongst others), is happy about their business outcomes. Revenues have actually decreased by 3,7 per cent on annual basis (581,3 million dollars); likewise adjusted incomes dropped by 8 per cent. Nevertheless, the holding aims to upgrade their estimated earnings in the financial year, which is expected to end off with an overall turnover of 2,34 to 2,37 billion dollars. In the meantime, Wolverine Worldwide is driving forward their financial reorganization: after selling Sebago’s brand and Stride Rite license, they now announce that they are about to sell their contract with the Department of Defense. Moreover, the footwear group has allocated 3 million dollars, as they will join intervention to clean up the areas formerly polluted by Rockford tannery (Michigan), which was demolished in 2010.


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