US shoe group Wolverine World Wide is moving with “speed and urgency" to transform the company, with a raft of announcements including job losses and the sale of some licences or brands.

CEO Chris Hufnage said: “We are taking decisive steps to stabilise the business by divesting non-core assets, paying down debt, reducing inventory and right-sizing our cost structure. At the same time, we are redesigning the organisation to become great global brand builders.”

Share this story: