2023-03-29 17:11:40 ET
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Wolverine World Wide ( NYSE: WWW ) on Wednesday announced plans to streamline operations for its Sweaty Betty brand.
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The company expects to consolidate its London office space and reduce workforce, among other things, as part of its plan.
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Sweaty Betty will report into WWW's London-based International Group, which is responsible for the company’s operations outside the United States.
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The expected impact from the actions is reflected in its 2023 guidance, the company said.
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Wolverine World Wide cuts jobs in UK as it streamlines Sweaty Betty