HanesBrands Inc HBI:NYSE

Last Price$10.57NYSE Previous Close - Last Trade as of 7:00PM ET 8/12/22

Today's Change-0.10(0.94%)
Bid (Size)$10.60 (2)
Ask (Size)$10.65 (99)
Day Low / High$10.51 - 10.70
Volume9.1 M

Wolverine World Wide Sells 'Champion' Trademarks in US and Canada for $90 Million

5:25PM ET 6/30/2022 MT Newswires
Wolverine World Wide (WWW) said Thursday that its Keds subsidiary has sold the "Champion" trademarks for footwear in the US and Canada to HanesBrands (HBI) for $90 million in cash.

Wolverine World Wide retains a perpetual license to continue using the "Champion" trademark on certain footwear, the company said, adding that the transaction also resolves outstanding litigation between the parties.

Price: 20.16, Change: +0.01, Percent Change: +0.04