Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high, said the management at the recent Goldman Sachs Retail Conference. Wolverine 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 management also reported on very positive reaction by key accounts to a new brand platform being developed for Merrell, which is expected to resume growth with a focus on product innovation and go-to-market strategies.
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