---
schema_version: "secwatch.filing_event.v1"
accession: "0000110471-24-000005"
form_type: "8-K"
ticker: "WWW"
cik: "0000110471"
company_name: "WOLVERINE WORLD WIDE INC /DE/"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:22:04.071897+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Wolverine Worldwide sells Sperry brand to Authentic Brands and Aldo for ~$130M

## Summary
- Total proceeds of ~$130M in Q1 2024: $70M from ABG for IP, ~$27M from Aldo for inventory, plus $5M contingent payment.
- Sale expected to pay down debt and further strengthen balance sheet; builds on ~$250M in asset monetizations in 2023.
- Company CEO calls Sperry sale 'next step in turnaround and strategic transformation'.
- Aldo acquired certain inventory, assets, and retail store leases; ABG acquired all equity of Saucony subsidiaries holding Sperry IP.

## SEC filing metadata
- accession: 0000110471-24-000005
- form_type: 8-K
- ticker: WWW
- cik: 0000110471
- company_name: WOLVERINE WORLD WIDE INC /DE/
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/0000110471-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/www-20240110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000110471-24-000005
- JSON: https://secwatch.observer/filing/0000110471-24-000005.json
- Plain text: https://secwatch.observer/filing/0000110471-24-000005.txt

## Key facts
- Material Agreements
  WOLVERINE WORLD WIDE INC /DE/ entered into Inventory Purchase Agreement with ALDO U.S. Inc. valued at approximately $27 million, subject to a customary post-closing price adjustment, plus potential addi (effective 2024-01-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: ALDO U.S. Inc.
  - Value: approximately $27 million, subject to a customary post-closing price adjustment, plus potential addi
  - Effective: 2024-01-10
  source text: Also effective as of January 10, 2024, the Company and the Company’s wholly-owned subsidiaries Hush Puppies Retail, LLC, Stride Rite Children’s Group, LLC, Wolverine Distribution, Inc., Wolverine World Wide Canada, ULC and SR/ECOM, LLC (the Company and such subsidiaries, collectively, the “Inventory Sellers”) entered into a Purchase Agreement with ALDO U.S. Inc. (“Aldo”), an affiliate of the Aldo Group (the “Inventory Purchase Agreement” and together with the IP Purchase Agreement, the “Purchase Agreements”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/0000110471-24-000005-index.htm
- Material Agreements
  WOLVERINE WORLD WIDE INC /DE/ entered into IP Purchase Agreement with ABG Intermediate Holdings 2 LLC valued at $70 million (effective 2024-01-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: ABG Intermediate Holdings 2 LLC
  - Value: $70 million
  - Effective: 2024-01-10
  source text: Effective as of January 10, 2024, Wolverine World Wide, Inc. (the “Company”), the Company’s wholly-owned subsidiary, Saucony, Inc. (“Saucony”), and Saucony’s wholly-owned subsidiaries, Sperry Top-Sider, LLC and SR Holdings, LLC (such Saucony subsidiaries, the “Acquired Companies”), entered into a Purchase Agreement with ABG Intermediate Holdings 2 LLC (“ABG”), an affiliate of Authentic Brands Group LLC, (the “IP Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047124000005/0000110471-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.