Authentic Brands Group and ALDO Group Acquire Sperry from Wolverine World Wide

January 11, 2024

Authentic Brands Group has acquired the Sperry footwear brand in a transaction that closed January 10, 2024, with the ALDO Group joining as Sperry's North American operating partner. Wolverine World Wide sold the brand for proceeds of about $130 million to strengthen its balance sheet; Authentic will convert Sperry to a licensed model while ALDO will operate Sperry's wholesale, e-commerce and store operations in North America.

Buyers
Authentic Brands Group, ALDO Group
Targets
Sperry
Sellers
Wolverine World Wide, Inc.
Location
Massachusetts, United States
Transaction Type
Divestiture

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