Merrell | Jotup

Xtep Announces Strategic Divestiture of K-Swiss and Palladium and Enhanced Financial Structure

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木曜日, 5月 9, 2024

Sale, Merrell, Privatization, Extraordinary general meeting, Family, Acquisition, Hillhouse Capital Group, Running, Growth, Security (finance)

This strategic divestiture will eliminate the ongoing impact on Xtep's profitability and cash flows attributable to the loss incurred by the KP Global.

Key Points:

This strategic divestiture will eliminate the ongoing impact on Xtep's profitability and cash flows attributable to the loss incurred by the KP Global.
To streamline the financial arrangement, KP Global will issue an 8-year convertible bond valued at US$154 million to Xtep.
These financial maneuvers are structured to stabilize Xtep's financial health by optimizing debt structure and strategically allocating capital towards profitable growth opportunities.
"We are confident that these decisive actions will streamline our operations, enhance our profitability, and create a stronger, more focused Xtep.

Wolverine Worldwide Exceeds First Quarter Revenue and Earnings Expectations and Posts Record Gross Margin

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水曜日, 5月 8, 2024

Fashion, Online Retail, Retail, Other Retail, Department Stores, Specialty, Merrell, Sale, E-commerce, GAAP, EPS, Bank

“The Company exceeded first quarter revenue expectations with well-balanced performance across the portfolio,” said Mike Stornant, Executive Vice President and Chief Financial Officer.

Key Points:

“The Company exceeded first quarter revenue expectations with well-balanced performance across the portfolio,” said Mike Stornant, Executive Vice President and Chief Financial Officer.
“We drove 540 basis points of gross margin expansion from a healthy sales mix and our profit improvement actions initiated last year.
Gross margin is expected to be approximately 44.5% up 460 basis points compared to 2023.
The financial results of the ongoing business exclude financial results from the Sperry business, Keds business and Wolverine Leathers business.

Wolverine Worldwide Advances Strategic Transformation With New Licensing Agreements

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水曜日, 5月 1, 2024

Fashion, Footwear, Retail, Sports, Department Stores, Outdoors, Hush, Merrell, Partnership, Rite, Tommy Hilfiger, Stride Rite Corporation, Centric, Wolverine World Wide, Growth, Pharmaceutical industry

Wolverine World Wide, Inc. (NYSE: WWW) today announced that it has entered into two global licensing agreements as part of its ongoing strategic transformation into a brand-led growth company.

Key Points:

Wolverine World Wide, Inc. (NYSE: WWW) today announced that it has entered into two global licensing agreements as part of its ongoing strategic transformation into a brand-led growth company.
Centric has deep licensing experience and currently serves as the apparel and accessories partner for more than 100 global consumer brands.
The new partnerships will be managed by Bornie Del Priore, Wolverine Worldwide’s President of Global Licensing.
We will continue to take actions to transform Wolverine Worldwide as we deliver on our vision to become builders of great global brands.”

Marie Claire Hosted the Power Play Event

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水曜日, 3月 20, 2024

Power Trip, Growth, Woman, Power play, Sports complex, Mental health, Social media, Female, Sunglass Hut, Marketing, Ambition, Sport, Merrell, Power, Nightclub

LOS ANGELES, March 20, 2024 (GLOBE NEWSWIRE) -- Future’s premium women’s lifestyle brand Marie Claire hosted its eighth annual Power Play event (formerly known as Power Trip) connecting today’s most influential female leaders and next-generation thinkers across every industry for a summit. This year’s theme on “The New Ambition” brought women together to redefine what ambition means for them, personally and professionally. The passion-fueled event featured a surprise and delight itinerary of exclusive experiences, high-octane panels with thought leaders and a celebrity-studded rooftop party in Santa Monica to create meaningful, intentional connections that will last.

Key Points:

LOS ANGELES, March 20, 2024 (GLOBE NEWSWIRE) -- Future’s premium women’s lifestyle brand Marie Claire hosted its eighth annual Power Play event (formerly known as Power Trip) connecting today’s most influential female leaders and next-generation thinkers across every industry for a summit.
“Traditionally, ambition has posed a dual challenge for women,” said Nikki Ogunnaike, editor in chief of Marie Claire US.
Our objective in evolving Power Trip into Power Play is to provide an always-on platform that reaches Marie Claire’s audience across a variety of touchpoints.
To learn more about the Power Play: New Ambition and to join the conversation, follow the hashtag #MarieClairePowerPlay and Marie Claire on social media.

Airbus Ventures Invests in OROS Labs®, Creators of Solarcore® Insulation, in $22M Series B Funding Round

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水曜日, 4月 3, 2024

Airbus Ventures announces its investment in OROS Labs, an innovative thermal solutions company, which has raised $22 million to support the company’s expansion in consumer, commercial, and government industries.

Key Points:

Airbus Ventures announces its investment in OROS Labs, an innovative thermal solutions company, which has raised $22 million to support the company’s expansion in consumer, commercial, and government industries.
This round of funding was led by Airbus Ventures, with participation from REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, among others.
With the flexible design of its thermal product suite, Solarcore® represents the most versatile aerogel materials ever made,” remarks Nicole Conner, Airbus Ventures Partner.
“We are proud to lead OROS Labs’ Series B round, and to bring the OROS Labs team into the Airbus Ventures portfolio.”
“The support from our investors in this Series B funding round strongly reflects our ambition to reinvent a field that has seen limited innovation,” said Michael Markesbery, co-founder and CEO at OROS Labs.

Kenneth R. Pelletier, PhD, MD Receives 2024 Visionary Award at the Integrative Healthcare Symposium

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土曜日, 2月 17, 2024

CAMPS, UCSF, ASH, MD, NIH, Professor, Public health, Family, Rancho, Clinical professor, Life, University, FACN, Merrell, CNS, Symposium, Stanford University, CHIP

NEW YORK, Feb. 17, 2024 /PRNewswire-PRWeb/ -- Kenneth R. Pelletier, PhD, MD was today named the 2024 Visionary Award recipient at the Integrative Healthcare Symposium, taking place at the Hilton Midtown in New York City.

Key Points:

NEW YORK, Feb. 17, 2024 /PRNewswire-PRWeb/ -- Kenneth R. Pelletier, PhD, MD was today named the 2024 Visionary Award recipient at the Integrative Healthcare Symposium , taking place at the Hilton Midtown in New York City.
— Kenneth R. Pelletier, PhD, MD
Presented each year at the annual Symposium, the Visionary Award recognizes an industry leader whose contributions have shaped integrative healthcare and paved the way for other practitioners and professionals.
Dr. Pelletier will also play an active role at the 2024 Integrative Healthcare Symposium, presenting his session "Change Your Genes – Change Your Life: Epigenetics of Longevity" directly following the award ceremony on Saturday, February 17.
The 2024 Integrative Healthcare Symposium is held February 15-17, 2024 in New York City.

New VeggieTales Feature Film Announced for 2026

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月曜日, 2月 5, 2024

Suction, MKM, Larryboy: The Cartoon Adventures, Kingstone, Head, Love, SVP, Merrell, VeggieTales, Big Idea, Film industry

ORLANDO, Fla., Feb. 5, 2024 /PRNewswire/ -- Big Idea Content Group and Kingstone Studios proudly announce a collaborative development agreement for an upcoming untitled LARRYBOY 2026 theatrical release. The feature film will transport LarryBoy, the suction cup-eared, crime-fighting superhero, to the big screen for the first time.

Key Points:

The feature film will transport LarryBoy, the suction cup-eared, crime-fighting superhero, to the big screen for the first time.
"VeggieTales is the absolute gold standard for faith-based children's animation.
The VeggieTales franchise remains the most successful faith-based children's series of all time, generating over $1.7 billion in retail sales.
"I'm honored to partner with Big Idea and Kingstone Studios on a new film because I've loved LarryBoy for decades.

Merrell Continues to Grow Trail Category; Enlists Professional Runner Coree Woltering to Team

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木曜日, 1月 11, 2024

Matryx, Heart, Collection, Athlete, Eco, Ice Age, Long, Running, Coree, Merrell, Agility, MTL, Pharmaceutical industry

ROCKFORD, Mich., Jan. 11, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has signed ultra-runner Coree Woltering as an athlete in 2024. Woltering is set to join the ranks of Merrell's professional team, bringing his exceptional talent, passion and dedication to the brand.

Key Points:

Woltering is set to join the ranks of Merrell's professional team, bringing his exceptional talent, passion and dedication to the brand.
The addition of Woltering reinforces Merrell's dedication to fostering a diverse and dynamic team of athletes who embody the brand's ethos.
Woltering will inspire outdoor enthusiasts worldwide to embark on their own trail adventures and rigorously test, refine and create products that continue to push the boundaries in the trail run space.
Woltering, recognized for his impressive feats in the world of ultra-running, has tackled some of the toughest trail races globally.

Wolverine Worldwide Affirms Preliminary 2023 Financial Results in Line With Guidance

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月曜日, 1月 8, 2024

Fashion, Retail, Footwear, Department Stores, Specialty, Hush, Conference, Hush Puppies, Sale, Wolverine World Wide, Merrell, Bank statement, Wolverine, Net, Growth, GAAP, Keds, Cryptocurrency

“For the fourth quarter and full year, we expect to deliver financial results in line with our guidance – while achieving better-than-anticipated year-end debt and inventory levels.

Key Points:

“For the fourth quarter and full year, we expect to deliver financial results in line with our guidance – while achieving better-than-anticipated year-end debt and inventory levels.
This release does not present all necessary information for an understanding of the Company’s full year and fourth quarter fiscal 2023 results and the Company’s financial condition as of December 30, 2023.
Measures referred to in this release as “adjusted” financial results and the financial results of the "ongoing business" are non-GAAP measures.
The financial results of the ongoing business exclude financial results from the Keds business, Wolverine Leathers business and reflect an adjustment for the transition of our Hush Puppies North America business to a licensing model in the second half of 2023.

Wolverine Worldwide Advances Transformation Initiatives

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月曜日, 12月 18, 2023

Fashion, Footwear, Retail, Luxury, Other Retail, Specialty, Hush, Annual, NYSE, Wolverine World Wide, Hush Puppies, Exercise, Merrell, Marketing, Keds, Conference, Wolverine, Xtep, Hong Kong, Saucony

Wolverine World Wide, Inc. (“Wolverine Worldwide” or the “Company”) (NYSE: WWW) announced strategic actions that further focus the Company’s portfolio and advance its ongoing transformation into a consumer-obsessed growth company.

Key Points:

Wolverine World Wide, Inc. (“Wolverine Worldwide” or the “Company”) (NYSE: WWW) announced strategic actions that further focus the Company’s portfolio and advance its ongoing transformation into a consumer-obsessed growth company.
Wolverine Worldwide formed a joint venture with Xtep in 2019 to launch the Merrell and Saucony brands in China.
Wolverine Worldwide has entered into a definitive agreement to sell its Asia-based Wolverine Leathers business to Interhides Public Company Limited, a current materials vendor of the Company, for approximately $9 million.
Wolverine will provide more detail regarding these actions and other strategic initiatives at the Annual ICR Conference on January 8, 2024.