	wolverine www to sell two subsidiaries wolverine world wide inc said it signed a letter of intent to sell to an investment group two subsidiaries kaepa inc an athletic footwear maker and its international marketing arm kara international inc terms were not disclosed wolverine said the action continues the restructuring operation begun last july to make the company more competitive and profitable wolverine said it will concentrate its effort in the athletic footwear market in its brooks footwear division wolverine said it expects favorable results in the second half as a result of its restructuring in it said restructuring helped improve its financial capabilities the company reported a mln dlr loss or dlrs a share in due largely to a mln dlr restructuring charge and a mln dlr inventory evaluation readjustment taken in the second quarter since that time it has sold two small retail operations closed and consolidated five domestic footwear factories and closed about retail locations reuter 
