Nike released an updated version of its Corporate Social Responsibility report last week, and while many mainstream media outlets reduced its contents to a simple reduction in overtime, the company actually laid out a broad series of goals that will likel
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
ACI International Picks up Licenses for Original Penguin, Other PERY Brands…
Perry Ellis International entered into licensing agreements with ACI International, Inc. for four of its brands in footwear last week. ACI will take over design, manufacture and distribution duties for the Perry Ellis and Perry Ellis Portfolio brands as w
Rocky Brands Uses Private Placement to Pay Off Debt…
Rocky Brands, Inc. issued $40 million worth of fixed rate Senior Notes in a private placement with Laminar Direct Capital and Whitebox Advisors that allows the company to pay off outstanding debt as well as to gain cash for working capital and general cor
Everlast to Be Acquired by Licensee…
Everlast Worldwide Inc. signed a definitive agreement to be acquired by The Hidary Group, for $26.50 per share in cash, a 14.5% premium to its closing price on May 31, 2007, and a 30% premium to the average closing price over the last month. The total val
Descente’s Growth Stymied by Taxes…
Japan-based Descente, Ltd. continued to see more of its business come from international markets during the year ended March 31, 2007; however, taxes back home caused the company to see an overall sales increase be negated before reaching the bottom line.
NGF: Weather Slows Rounds Played in April…
After strong gains in March, April was a disappointment for golf courses as rounds played were down 15.1% on a same-store basis, according to the National Golf Foundation. NGF attributed the weak results primarily to poor weather. The year-to-date figure
Crocs Awarded $1.8 Million in Jibbitz Infringement Case…
Crocs, Inc. is back on the war path in court, this time defending copyrights and trademarks for its subsidiary, Jibbitz, LLC. The judgment from the U.S. District Court in Nevada awarded Jibbitz $1.8 million in addition to attorneys fees and other costs i
Asolo/Lowe Alpine Group on Positive Trend…
The news was positive coming out of the Asolo/Lowe Alpine Group’s annual sales meeting, held May 17-19 in Treviso, Italy. The global gathering was comprised of about 200 attendees and included 70% of the company’s subsidiaries, as well as new distributors
SSV to Acquire 18 Breeze Ski Rental Shops…
Specialty Sports Venture, a joint venture that is majority-owned by Vail Resorts and managed by Ken Gart, entered into an agreement to acquire 18 Breeze Ski Rental shops at locations throughout Colorado, Utah and California for $6.5 million. With this acq
Thule Gets New Private Equity Owner…
Thule has traded hands to yet another private equity firm – the third owner in five years. Nordic Capital Fund VI signed an agreement late last week to acquire the Thule Group from Candover. While both parties reportedly agreed to keep terms of the deal a
Former Cloudveil Owners Acquire Ouray Sportswear…
Jalex Group, the former ownership group behind Cloudveil, has acquired the Ouray Sportswear. Terms of the transaction were not disclosed. Under the agreement, O Holdings, an affiliate of the Denver-based private equity investment firm, has capitalized a n
Everlast to Be Acquired for $26.50 Per Share
Everlast Worldwide Inc. signed a definitive agreement to be acquired by The Hidary Group, for $26.50 per share in cash, a 14.5% premium to its closing price on May 31, 2007, and a 30% premium to the average closing price over the last month. The total val
Asics Continues Tokyo Marathon Sponsorship
ASICS Corporation will sponsor Tokyo Marathon 2008 which is going to be held on February 17, 2008. It is the second consecutive year that ASICS will be a sponsor of the running event…
Descente Sees Taxes Stop Bottom Line Growth for Year
During the fiscal year ending March 31, 2007, Descente, Ltd. saw a continuing trend as international expansion once again accounted for a larger portion of the company’s overall sales. Net sales increased 7.1% to ¥75.09 billion ($642.9 mm) from ¥70.13 bil
NGF: April Soft for Nation’s Golf Courses
According to the National Golf Foundation, the gains seen in March were dashed by a 15.1% decrease in rounds played in April won a same-store basis, primarily due to poor weather. The year-to-date figure of -9.0% is the worst performance for the same time
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