Wolverine Worldwide to Acquire Collective Brands’ Performance + Lifestyle Group

Wolverine Worldwide announced that it, along with Blum Capital Partners and Golden Gate Capital, has signed a definitive agreement to acquire Collective Brands. As part of the transaction, Wolverine will acquire Collective Brands’ Performance + Lifestyle Group, which consists of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands. Adding these businesses to Wolverine's existing portfolio, which is led by Merrell, Hush Puppies, Wolverine, Sebago and Caterpillar Footwear, creates an even more powerful stable of lifestyle brands that positions the company for accelerated growth in both revenue and profits.