WOLVERINE WORLD WIDE EXECUTES LETTER OF INTENT
TO SELL BROOKS ATHLETIC SHOE BUSINESS
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jordan 4 black grey red, Sept. 25 /PRNewswire/ Wolverine World Wide, Inc. (NYSE: WWW) today announced that it has signed a letter of intent to sell its Brooks athletic shoe business to the sporting goods division of the Seattle based Rokke Group,
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"The sale of the Brooks athletic shoe business will enable Wolverine to concentrate on its core Hush Puppies and Wolverine business,
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Air Jordan 11 Low Bred real 100%, Wolverine World Wide chairman and CEO. "The contemplated sale is to a company familiar with Brooks’ products and the global potential for this brand. One of the Rokke Group’s companies is presently a distributor of Brooks shoes in Norway. We believe the Rokke Group is well situated to capitalize on the recent expansion of the international Brooks marketing effort to more than 50 countries."
The closing of the transaction is subject to a number of conditions,
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As a part of the transaction,
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"While we expect the sale, including sale of the UK,
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The Brooks athletic shoe heritage traces back to 1914 and is today viewed as a premier running brand with a strong record of technical innovation. Brooks’ technological breakthroughs that have become industry standards include EVA midsole cushioning material,
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The sporting goods division of the Rokke Group includes the largest sporting goods company in Norway, founded in 1901,
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"The acquisition of Brooks reflects our long term commitment to the international sporting goods industry,
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The investment banking firm of Hayes Griffith,
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Wolverine World Wide,
Air Jordan 5 Midnight Navy hornets, Inc. manufactures and markets a wide variety of branded footwear and pigskin leather. In addition to Brooks, major branded products of the company include: Hush Puppies(R) shoes, Wolverine(R) work and sport footwear,
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