Wolverine Worldwide Cuts 150 Jobs at Kentucky Distribution Center Set to Permanently Close

Wolverine Worldwide is laying off 150 employees as part of its ongoing transformation strategy. According to a WARN notice filed on Tuesday, the company is permanently closing its distribution center at 6001 Cane Run Rd. in Louisville, Ky., and is ending the employment of all 150 workers at that location. Employment separations are expected to start on or about May 3, 2024, the notice said. In December, Wolverine finalized the sale of its Kentucky distribution center, generating $23 million of cash in the fourth quarter of 2023. Despite the sale, the company said at the time that Saucony and Sperry brands would continue to operate out of this facility under a lease agreement. But this no longer seems to be the case. FN has reached out to Wolverine Worldwide for comment. The site closure comes after months of divestitures and cost cutting measures. Other previously announced asset monetization transactions in 2023 generated approximately $227 million in proceeds, including Keds, Hush Puppies intellectual property in China, Wolverine Leathers, and the new operating model for Merrell and Saucony in Greater China. In January, Wolverine Worldwide found a buyer for its Sperry brand. Brand management firm Authentic Brands Group snapped up the preppy shoe label, with Aldo Group

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