Wolverine Worldwide Unveils Renovated Global Headquarters in West Michigan
'Our company is driven by a new vision to Make. Every Day. Better. – for our team, customers, consumers, shareholders, and community,' said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. 'We believe that to create amazing, thoughtful, trend-right, innovative products and experiences that improve our consumers' lives and drive growth, we must provide our team members with great environments to work and win together.'
The centerpiece of the project is a top-to-bottom renovation of 40,000 square feet of space to house the Company's two biggest brands, Merrell and Saucony, the latter of which the Company recently relocated to Rockford from Boston.
Originally constructed in 1963, this space served as a footwear factory for several decades before transitioning to dedicated office space in the 1990s. Now known as The Factory, it features exposed structures and concrete floors, floor-to-ceiling windows, 224 individual workstations, dedicated product and marketing rooms for each brand, 31 collaboration and meeting rooms, a café, and state-of-art technology for product design, marketing, and global collaboration.
'We're proud to have been founded 142 years ago here in West Michigan, and to still call Rockford our hometown today,' continued Hufnagel. ' The Factory further demonstrates our commitment to both growing our business and deepening our roots in this community.'
The project is supported by a $1-million Michigan Business Development Program grant in collaboration with the Michigan Economic Development Center (MEDC) and The Right Place, Inc.
'Today's investment announcement by Wolverine Worldwide further advances the state's outdoor recreation industry heritage. This announcement further proves Team Michigan's successful execution of the 'Make it in Michigan' economic development strategy focusing on People, Places and Projects,' said Matt McCauley, SVP Regional Development at the Michigan Economic Development Corporation. 'The company could have chosen to expand anywhere in the country, or world for that matter, and we remain thankful for their commitment to Michigan and the talented workforce in West Michigan.'
The Factory is the latest improvement to Wolverine Worldwide's 300,000-square-foot global headquarters. Additional on-site amenities for team members include:
Subsidized daycare and early education center for children six-weeks old to five-years old
Fitness center including personal training and group classes taught by certified personal trainers
Four miles of on-campus hiking and nature trails
On-site, subsidized cafeteria
Dog daycare
For video and images of the space, visit: bit.ly/thefactorywww
Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies™, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, www.wolverineworldwide.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
a few seconds ago
- Business Wire
Clean Jeju Green Tea Cooperative ‘Sumang' to Launch New Hojicha Product This August
BUSINESS WIRE)-- Clean Jeju Green Tea Agricultural Cooperative 'Sumang' has announced that it plans to launch a new product—Hojicha—in August. Hojicha is a roasted green tea made by pan-firing tea leaves at high temperatures, known for its rich, nutty aroma and low caffeine content. 'While we currently focus on B2B transactions, our ultimate goal is to expand into direct-to-consumer channels with a comprehensive distribution network.' Sumang is a vertically integrated producer that grows, processes, and sells organic green tea in Jeju Island. Benefiting from ideal tea-growing conditions—including proximity to the sea, warm temperatures, and frequent mist—the cooperative has been able to cultivate high-quality tea with a consistent moisture supply during the growth period. Recently, global interest in health and wellness has fueled rising demand for matcha, particularly in the United States. Exports have been steadily rising, and inquiries from international buyers are also growing. While many matcha products are flooding the market, consumers often struggle to find high-quality, properly graded matcha. The cooperative's 'Sumang Tea Garden' brand offers matcha in three distinct grades: Ceremonial, Premium, and Superior, giving consumers a variety of options tailored to their taste and intended use. CEO Kyungmin Kang said, 'While we currently focus on B2B transactions, our ultimate goal is to expand into direct-to-consumer channels with a comprehensive distribution network,' adding, 'We are committed to offering high-quality products at affordable prices.' About Sumang Since 2007, Sumang has produced Jeju green tea of the highest quality, provided by the natural environment of Jeju Island, South Korea. Abiding by the strict rules of the Clean Jeju Green Tea Agricultural Cooperative, Sumang offers products that promote both health and environmental sustainability.
Business Wire
a few seconds ago
- Business Wire
Bragg Gaming Group Announces Cyber Security Incident
TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (BRAG:CA) ('Bragg' or the 'Company'), a leading content and technology provider to the online gaming industry, today announced the Company learned of a cybersecurity incident early Saturday morning, August 16, 2025, CEST time. Bragg has taken immediate steps to mitigate any potential impact. Additional independent cybersecurity experts have been retained to assist the Company in dealing with the matter in accordance with industry best practices. Based on preliminary investigations, the Company believes that the data breach was limited to Bragg's internal computer environment. At the present time, there is no indication that any personal information was affected. Additionally, the breach has had no impact on the ability of the Company to continue its operations, nor has it been restricted from accessing any data that has been subject to the breach. Bragg is committed to data safety, is taking the matter very seriously and asks its customers and partners for their patience as it seeks to remediate the situation. The latest information regarding the incident will be made available on and updated as further developments occur. Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements or 'forward-looking information' within the meaning of applicable Canadian securities laws ('forward-looking statements'), including, without limitation, statements with respect to the following: the Company's plans to address the cyber security incident and its expected impact on Bragg's operations and the safety and security of its customers and partners data. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing readers to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or describes a 'goal', or variation of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. All forward-looking statements contained in this news release reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. Specifically, the forward-looking statements herein are subject to the risk that the investigation of the cyber security breach is in its initial stages so the assessment of the potential impact could change over time as more information gathered. Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the timing for the investigation and recovery process, the impact on Bragg's business operations, future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws. About Bragg Gaming Group Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is an iGaming content and turnkey technology solutions provider serving online and land-based gaming operators with its proprietary and exclusive content, and cutting-edge technology. Bragg Studios offer high-performing and passionately crafted casino game titles using the latest in data-driven insights from in-house brands including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic. Its proprietary content portfolio is complemented by a cross section of exclusive titles from carefully selected studio partners under the Powered By Bragg program. Games built on Bragg's remote games server (Bragg RGS) technology are distributed via the Bragg Hub content delivery platform and are available exclusively to Bragg customers. Bragg's flexible, modern, omnichannel Player Account Management (PAM) platform powers multiple leading iCasino and sportsbook brands and at all points is supported by expert in-house managed, operational, and marketing services. Content delivered via the Bragg Hub either exclusively or from the Bragg aggregated games portfolio is managed from a single back-office which is supported by powerful data analytics tools, and Bragg's award-winning FuzeTM player engagement toolset. Bragg is licensed, certified, approved and operational in many regulated iCasino markets globally, including the U.S., Canada, Brazil, United Kingdom, Italy, the Netherlands, Germany, Sweden, Spain, Malta and Colombia. Twitter LinkedIn Facebook Instagram
Business Insider
37 minutes ago
- Business Insider
APP vs. ACHR vs. RGTI: Which ‘Strong Buy' Growth Stock Has the Highest Upside Potential, According to Wall Street?
The optimism around artificial intelligence and many breakthrough technologies, including air taxis and quantum computing, is driving several growth stocks higher. Using TipRanks' Stock Comparison Tool, we placed AppLovin (APP), Archer Aviation (ACHR), and Rigetti Computing (RGTI) against each other to find the growth stock with the highest upside potential, according to analysts. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. AppLovin Corporation (NASDAQ:APP) Stock Ad tech company AppLovin provides AI-enhanced solutions that enable businesses to reach, monetize, and grow their audiences. The company recently reported market-beating second-quarter results, defying certain allegations made by three short sellers – Fuzzy Panda Research, Muddy Waters, and Culper Research. AppLovin is witnessing strong demand for its artificial intelligence (AI)-powered technology that enables advertisers to target mobile game users more effectively. The company impressed investors with a 77% year-over-year growth in its Q2 revenue to $1.26 billion and a 168.5% jump in adjusted earnings per share (EPS) to $2.39. Looking ahead, AppLovin stands to gain from the legal battle between Apple (AAPL) and Epic Games, as changes to the iPhone maker's App Store monetization policies are expected to benefit mobile advertisers and app developers. What Is the Target Price for AppLovin Stock? Following the Q2 print, Loop Capital analyst Rob Sanderson reiterated a Buy rating on AppLovin stock with a price target of $650. The 5-star analyst highlighted that the company reported another beat-and-raise quarter, though somewhat more muted in terms of the magnitude of upside seen in recent quarters. Sanderson noted that the majority of the 9% sequential growth in Q2 revenue was driven yet again by gaming customers, as the company 'methodically refines its offering for web-based (e-commerce) advertisers.' He views the Q3 revenue guidance as conservative. Overall, AppLovin stock scores a Strong Buy consensus rating based on 17 Buys and three Hold recommendations. The average APP stock price target of $524.78 indicates about 20% upside potential from current levels. AppLovin stock has risen more than 35% year-to-date. Archer Aviation (NYSE:ACHR) Stock Archer Aviation is a maker of electric vertical takeoff and landing (eVTOL) aircraft. ACHR stock is flat on a year-to-date basis, but has rallied more than 163% over the past year due to the optimism around eVTOL technology. The Trump administration's executive order to accelerate VTOL development and commercialization, the announcement of multiple partnerships with major companies like United Airlines (UAL), and selection as the official air taxi service for the 2028 Los Angeles Olympics have bolstered Wall Street's optimism about ACHR's growth potential. Archer Aviation is a pre-revenue company. It recently reported a larger-than-anticipated loss for Q2 2025 due to higher spending to support its growth. Nonetheless, Wall Street is optimistic about ACHR due to solid progress on key deals, including the UAE program, and its robust cash position of $1.7 billion that will enable growth investments. Is ACHR a Good Stock to Buy? In reaction to the Q2 results, Cantor Fitzgerald analyst Andres Sheppard reiterated a Buy rating on Archer Aviation stock with a price target of $13. The 4-star analyst is encouraged by ACHR's plans to boost manufacturing and the production of the six additional aircraft (three of which are in final assembly), which management stated will 'either be used for FAA Certification or initial commercialization deployment.' Sheppard continues to expect the UAE to be the initial market for ACHR's eVTOL commercialization, with the company reaffirming its timeline to commercialize in the fourth quarter of 2025. The analyst also cheered Archer Aviation's expansion into hybrid VTOLs, which he believes will de-risk its business. Additionally, he continues to view the partnerships with the Department of Defense (DoD), United Airlines, and Stellantis (STLA) as important differentiators. He noted that ACHR now has the highest liquidity in the industry and has been gaining momentum by expanding its order book via its launch edition program, which aims to commercialize in select markets prior to FAA Certification. Sheppard is also optimistic about ACHR's air taxi service deal for the LA 2028 Olympics. With six Buys and two Holds, Wall Street has a Strong Buy consensus rating on TipRanks. The average ACHR stock price target of $12.06 indicates about 23% upside potential from current levels. Rigetti Computing (NASDAQ:RGTI) Stock Rigetti Computing, which boasts of being a pioneer in full-stack quantum-classical computing, recently reported underwhelming results for the second quarter of 2025. RGTI's Q2 revenue declined by about 42% year-over-year to $1.8 million, while net loss per share increased to $0.13 from $0.07 in the prior-year quarter. Despite the dismal results, RGTI remains upbeat about its growth opportunities in the lucrative quantum computing space. The company ended the second quarter with $571.6 million in cash, cash equivalents, and available-for-sale investments (with no debt), thanks to gross proceeds of $350 million from an equity offering completed in June. Rigetti is confident about the scheduled release of its 100+ qubit chiplet-based system at 99.5% median two-qubit gate fidelity before the end of this year. Is RGTI Stock a Buy, Sell, or Hold? Following the Q2 results, Benchmark analyst David Williams increased the price target for Rigetti Computing stock to $20 from $14 and reaffirmed a Buy rating, noting continued progress on the company's chiplet-based scaling strategy. The 5-star analyst highlighted that the company remains on schedule to deliver its 100-qubit multi-chiplet QPU, an important milestone on the path to quantum advantage. He added that the recent release of the Cepheus-1 system successfully met the fidelity target while significantly reducing error rates. It marked the launch of the industry's largest multi-chip quantum processor, establishing the scalability of Rigetti's architecture. Overall, Williams believes that these advancements strengthen Rigetti's roadmap toward a 1,000+ qubit system. Although management continues to see a 3 to 4-year timeline to reach the quantum advantage threshold, Williams thinks that there are meaningful opportunities to generate revenue well ahead of these targets. Rigetti Computing earns Wall Street's Strong Buy consensus rating based on seven Buys and one Hold recommendation. The average RGTI stock price target of $18.71 implies 12.4% upside potential. RGTI stock has risen 9.1% year-to-date. Conclusion Wall Street is bullish about the growth prospects of AppLovin, Archer Aviation, and Rigetti Computing. Currently, analysts see higher upside potential in Archer Aviation stock than in the other two growth stocks. Investors need to bear in mind that Archer Aviation is a high-risk, high-reward investment, with strong prospects in the eVTOL aircraft space.
