Newell Brands Nominates Three Directors To Board

Newell Brands announced the  two independent directors it plans to nominate to its board at its upcoming annual meeting ahead of a proxy fight with an activist investor seeking to oust the entire board and CEO.

Wolverine Worldwide’s Q4 Boosted By Improved Margins

Boosted by fatter gross margins, Wolverine Worldwide reported adjusted earnings per share in the fourth quarter of 41 cents per share, a 20 percent increase over the last year. Underlying growth of 1.7 percent. Eighteen percent growth at Merrell and nearly 30 percent at Chaco helped offset declines in the low double digits at the flagship Wolverine brand, high single digits at Sperry and mid-single digits at Saucony.