Chaco was launched in 1989 to meet the needs of the whitewater enthusiast.
The brand quickly grew to be a market leader in sandals sold in the specialty
outdoor retail channel. Chaco footwear is recognized and well-respected for
its BioCentric footbed and its adjustability, durability and unique
performance characteristics. The brand had global revenue of more than
This acquisition represents an excellent opportunity for Wolverine to leverage its world-class sourcing and logistics infrastructure, building upon Chaco's leadership in the U.S. market while expanding its business internationally.
All Chaco employees will continue employment with the brand as the
integration strategy is further developed and executed.
"We are excited to welcome the Chaco brand to our strong and expanding
portfolio of performance and lifestyle brands," commented
With a commitment to service and product excellence, Wolverine World Wide, Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear and apparel. The Company's portfolio of highly recognized brands includes: Bates(R), Chaco(R), Cushe(R), Hush Puppies(R), HYTEST(R), Merrell(R), Sebago(R) and Wolverine(R). The Company also is the exclusive footwear licensee of popular brands including CAT(R), Harley-Davidson(R) and Patagonia(R). The Company's products are carried by leading retailers in the U.S. and globally in nearly 200 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.
This press release contains forward-looking statements, including those
relating to the successful integration and development of the Chaco business.
In addition, words such as "estimates," "expects," "intends," "should,"
"will," variations of such words and similar expressions are intended to
identify forward-looking statements. These statements are not guarantees of
future performance and involve certain risks, uncertainties and assumptions
("Risk Factors") that are difficult to predict with regard to timing, extent,
likelihood and degree of occurrence. Therefore, actual results and outcomes
may materially differ from what may be expressed or forecasted in such
forward-looking statements. Risk Factors include, among others: the
Company's ability to successfully integrate and develop the Chaco brand and
business; changes in duty structures in countries of import and export
including anti-dumping measures in
Other Risk Factors exist, and new Risk Factors emerge from time to time that may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Furthermore, the Company undertakes no obligation to update, amend or clarify forward-looking statements.
SOURCE Wolverine World Wide, Inc.