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Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.
Persons: , Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI
Wolverine World Wide has sold Sperry to brand management firm and Reebok owner Authentic Brands Group, as the footwear retailer looks to focus on better performing assets, the company announced Thursday. Aldo will also work with the brand on footwear design, production and global distribution. It already works closely with Authentic on running brands like Roxy and Brooks Brothers. The deal will generate $130 million, which Wolverine plans to use to pay down debt, it said. Wolverine originally acquired Sperry, a 90-year-old brand, in 2012 from Payless ShoeSource owner Collective Brands in a $1.23 billion deal that also included Saucony, Stride Rite and Keds.
Persons: Aldo, Brooks, Wolverine, Payless, Saucony, Merrell, Hush, Betty, Sperry, Wolverine's, Brendan Hoffman Organizations: Sperry, Reebok, Authentic Brands, Aldo Group, Brooks Brothers, Brands Locations: Ireland
It's only the second wolverine seen in California in the last 100 years. Wolverines are native to California but have essentially been extinct from the state since the 1920s. One wolverine was spotted in the state from 2008 to 2018, beginning in the Tahoe National Forest, officials said. The animal has been spotted twice in the Inyo National Forest and once in Yosemite National Park. The species — the largest terrestrial member of the weasel family — is listed as threatened under the California Endangered Species Act.
Persons: It's, , they've, Daniel Gammons, Gammons Organizations: Wolverines, Service, wolverines, Forest, Inyo National Forest, California's Department of Fish, California's Department of Fish and Wildlife ., Alaska . Wildlife Locations: California, Sierra Nevada, Tahoe, Inyo, Yosemite, California's Department of Fish and, Canada, Alaska
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