SAPARDIS S.A., the subsidiary of French luxury goods company PPR S.A. that has been in talks to acquire a majority stake in PUMA AG, has closed its takeover offer, now owning a total of 62.1% of all PUMA votes. PPR first began its acquisition of PUMA in A
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Nike Faces Protests in Indonesia
Nike, Inc. found itself the focus of protests in Jakarta, Indonesia as it planned to end shoe production at two factories there, according to various reports coming out of the region. Nike said it decided to cut production due to product from the factorie
Garmin to Acquire Spanish Distributor
Garmin Ltd. has signed a letter of intent for the proposed acquisition of Electronica Trepat S.A., the principal distributor of Garmin's consumer products in Spain. The completion of the acquisition is subject to the negotiation and execution of a de
Half-Moon Outfitters Receives LEED Platinum Certification
The new Half-Moon corporate office and warehouse in North Charleston, S.C. has just been awarded the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) Platinum. Half-Moon becomes only the nation’s 25th new construction or
Nike and Lance Armstrong Launch LIVESTRONG Collection
Nike and Lance Armstrong have enlarged their partnership to now launch the LIVESTRONG Collection of apparel, footwear and accessories for men, women and kids. Nike will give all profits from the collection to the Lance Armstrong Foundation, which supports
RECALL: Thule Bicycle Racks
In voluntary cooperation with federal authorities, Thule, Inc. of Seymour, Connecticut has issued a recall of a number of its discontinued hitch-style bicycle racks. Thule has determined that a pinch point exists between the bike arm bracket and the uprig
June Retail Comps Up as Market Readies for BTS…
The retail market took another step away from April’s woes in June with modest comparable sales gains that spurred the Dow Jones into the biggest single day jump in almost four years and sent the index near the 14,000 mark. However, Friday saw stocks sta
Big 5’s Eleven Year Comps Run Comes to an End…
Big 5 Sporting Goods said same-store sales declined 0.2% for the fiscal 2007 second quarter, representing its first quarterly decrease in comp store sales in over eleven years. Net Q2 sales increased 2.9% to $217.8 million from $211.8 million. The compa
West Marine Q2 Comps Continue to Decline
West Marine’s comparable store sales for the second quarter decreased 2.9% due to a generally slow boating market in Florida and higher gas prices impacting water sports. Net sales for the quarter were $247.8 million, a decrease of 6.3% from net sales of
Gander Wins Direct Marketing Trademark Decision
The United States District Court, District of Minnesota, granted Gander Mountain a victory in its long-standing dispute with Cabela's over the right to use certain Gander Mountain trademarks in direct marketing. The battle stems from a deal in 1996,
Everlast Investor Criticizes Bid Process…
Aquamarine Capital Management LLC, a shareholder of Everlast Worldwide Inc., asked the boxing equipment maker to reconsider a buyout offer from New York-based Hidary Group. Aquamarine said Everlast's refusal to negotiate with Hidary may represent a b
Confluence and Johnson Outdoors Settle Lawsuit…
Johnson Outdoors Inc. has reached a settlement agreement with Confluence Holdings Corp. that will end a long-standing intellectual property dispute between the two companies. While the terms of the agreement are confidential, the settlement does not const
Wolverine World Wide Sees Another Strong Performance from Outdoor Group…
Wolverine World Wide continues to rely on its Outdoor Group and its licensing business in its Heritage Brands Group for the majority of quarterly revenue gains while the Bates military business is showing more weakness in the face of slow government order
adidas CEO Anticipates Record Year in 2008…
In an interview with German daily newspaper, Die Welt, adidas’ chief executive, Herbert Hainer, commented that the rumors of a takeover by Nike are completely unfounded. 2008 “will be a record year,” according to Hainer as soccer revenue alone should exce
Lululemon Shrinks IPO Offering…
Lululemon Athletica Inc. said in a filing on Friday that it is shrinking the size of its initial public offering by nearly 10%, to 16.4 million shares from 18.2 million. The investors plan to sell 14.1 million shares, down from an earlier plan for 15.9 mi
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