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Wolverine sells Sebago brand to BasicNet

Wolverine World Wide has announced it has sold its Sebago brand to BasicNet, an Italian corporation with a global network that has a portfolio of brands including Kappa, Robe di Kappa, K-way, Superga and more.

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Wolverine experience sales decline in first quarter

Wolverine Worldwide reported flattish sales for its first quarter ended March 28, as mid single-digit growth from the Heritage Group and low single-digit growth from the Lifestyle Group were partially offset by a low single-digit revenue decline from the Performance Group.

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Wolverine Worldwide deliver reasonable Q3 results

Wolverine Worldwide reported financial results on October 14 for its third fiscal quarter ended September 6, 2014, that included revenue of $711.1 million – down 0.8% versus the prior year, but in line with the Company's previous guidance – and strong adjusted diluted earnings per share growth of 8.6%.

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