Wolverine World Wide Acquires Sweaty Betty

August 3, 2021

Wolverine World Wide, Inc. acquired Sweaty Betty, the London-based women's activewear brand, in an all-cash transaction valued at approximately $410 million. The deal (effective August 2, 2021) purchased Lady of Leisure InvestCo Limited — the entity that owns Sweaty Betty — from L Catterton and other shareholders and is intended to accelerate Wolverine's digital, apparel and international growth.

Buyers
Wolverine World Wide, Inc.
Targets
Sweaty Betty, Lady of Leisure InvestCo Limited (owner of Sweaty Betty)
Sellers
L Catterton, Wittington Investments Limited, Other shareholders
Industry
Retail
Location
England, United Kingdom
Transaction Type
Buyout

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