Late Friday, The Finish Line, Inc. announced it had filed an answer, counterclaim, and third-party claim for declaratory judgment in connection with the suit filed the prior week by Genesco, Inc. to force FINL and its financing partner, UBS, to consummate
Month: October 2007
Yue Yuen’s Q3 Profit Down 3.7%
Yue Yuen Industrial showed a 3.7% decline in net profits in the third quarter ended June 30, to $119.3 million from $123.9 million a year earlier. A booming business in China is being offset by weakness in North America and Europe. Sales in the period ga
Is Finish Line Already Looking Past Genesco?
The Finish Line, Inc., while embroiled in a dispute with Genesco, Inc. over its planned acquisition of the GCO business, may have hinted at some non-financial reasons why the deal may not make as much sense as it first did when announced this past spring.
Johnson Outdoors Receives $11.2 mm Tent Order
Johnson Outdoors Inc. recently received military orders totaling $11.2 million with anticipated delivery in the first half of calendar 2008. The recent orders came as the company’s Binghamton, New York tent manufacturing operation was ramping down produc
Sport Supply Group Names Pitts as CFO
Sport Supply Group, Inc. has appointed John Pitts to the position of CFO. Pitts was formerly the sr. vice president of finance, and replaces William Estill who officially retired on September 28, 2007…
Columbia Signs License for Pet Products
Columbia Sportswear Company entered a licensing agreement with RC Pet Products to design, manufacture and market a new line of Columbia Sportswear-branded pet products aimed at outdoor consumers…
Finish Line Fires Back at Genesco with Own Court Action
The Finish Line, Inc. has filed an answer, counterclaim and third-party claim for declaratory judgment in connection with the action pending in the Chancery Court in Nashville, Tennessee, regarding the company's proposed acquisition of Genesco Inc. I
Worldwide Buying Group Concludes Fall Show; Sets ’08 Dates
Worldwide Buying Group has just concluded their fall tradeshow in Reno, Nevada, which was held at the Reno-Sparks Convention Center. The general show featured spring purchasing for Footwear, Fishing Tackle, Outdoor/Camping, Men’s, Women’s and Children’s A
Optic Nerve Promotes Three; Hires Three
Optic Nerve and its parent company, Mountain Shades, Inc., announced have promoted three employees and added three new sales representatives. Bud Doyle was promoted to national sales manager; Greg Niver added southern sales manager to his duties; and Bob
Finish Line Adds Warmbat to Shoe Wall
The Finish Line, Inc. has signed a distribution agreement with Warmbat Australia to carry the company’s Kangaroo Classic line of sheepskin boots in select locations beginning in October 2007…
RVCA Clothing Names Levine as President
RVCA Clothing has appointed Dan Levine as president. Dan joins RVCA after 4 years with Hurley International where he held the positions of VP of new business development and VP of merchandising and design…
Twins Names Director of Marketing and Communications
Twins Enterprise Inc. and Banner Supply Company have named Steven David as director of marketing and communications. In his new role, Steven will oversee all aspects of brand marketing, communications, on-line initiatives, sponsorships and retail account
ASICS’ Onitsuka Passes Away
ASICS Corporation chairman Kihachiro Onitsuka died on Saturday, September 29 of heart failure in a hospital in Kobe, Japan. He was 89. Mr. Onitsuka was born on May 29, 1918, in Tottori Prefecture in western Japan. Concerned at the sight of the nation’s y
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