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.
- Industry
- Consumer Products
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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