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Wolverine offloads US leather business, sells IP of Hush Puppies in China

As part of its ongoing brand portfolio transformation, Wolverine World Wide (WWW) has opted to sell the intellectual property of its Hush Puppies brand in China, Hong Kong and Macau. The transaction, worth approximately 58.8 million dollars, was established with the company’s current sublicensee Beijing Jiaman Dress Co., which has entered into...