Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high. Wolverine's management told an analysts' conference organized by Goldman Sachs that it would prefer a good brand with heritage with at least $75 million in revenues - ideally between $200 million and $600 million. An acquisition outside the U.S. would have the advantage of allowing the group to use offshore assets. The manegement also said that the recent appointment of Jim Gabel at the head of its Performance Group should hekp revitalize the Merrell brand in terms of product innovation and go-to-market strategies.

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