Gotcha, the action sports brands owned by Perry Ellis International, Inc., launched a new interactive website filled with bigger and better features, inspired graphics, and action imagery. The site will continue to provide regularly updated original conte
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
West 49 Rejects Adrenalina’s Takeover Offer
West 49 Inc. said its board of directors has unanimously rejected the unsolicited proposal from Adrenalina “as it does not believe that pursuing Adrenalina’s proposal is in the best interests of West 49 Inc. or its shareholders.” The board of directors no
Terry Precision Cycling Sold to Former Vermont Teddy Bear CEO
Former President and CEO of the Vermont Teddy Bear Company, Elisabeth Robert, has acquired a majority interest in Terry Precision Cycling, the women’s cycling company. Terry’s founder Georgena Terry and Vice President of Marketing Paula Dyba will remain a
Iconix’s Q1 Revenues Down 9%; Raises 2009 Guidance
Iconix Brand Group, Inc., the owner and licensor of Starter, Danskin, OP and numerous other fashion brands, reported revenue for the first quarter of 2009 was approximately $50.5 million, a 9% decrease as compared to approximately $55.7 million in the fir
Crown Acquisitions Agrees to Buy Filene’s Basement.
Filene's Basement Inc. filed for Chapter 11 bankruptcy protection and concurrently announced that it had entered into an agreement with an affiliate of Crown Acquisitions to purchase 17 of the chain's 25 stores, including the flagship stores in
Escalade’s Sporting Goods Sales Drop 11% in Q1
Escalade, Inc. reported revenues from the Sporting Goods business were down 11% in the first quarter. The Evansville, IN-based company said dealers are reducing inventory in light of the economy to conserve cash. Within many sporting goods categories, con
Adrenalina Makes Takeover Bid for West 49
Adrenalina, which recently reached an agreement to end its takeover efforts for Pacific Sunwear, has made a bid to acquire West 49 Inc., the Burlington, Ont.-based action sports retailer. Adrenalina made an offer of Canadian 55 cents per share in cash and
K-Swiss Sells Royal Elastics
K-Swiss Inc. has completed the sale of Royal Elastics, the company's laceless fashion footwear brand, to REH, an investment group led by Royal Elastics' LA-based Product Design Director. The sale, which includes the company's worldwide righ
Ortovox USA Names COO
Ortovox USA has appointed Dale Bard as its chief operating officer. Bard has served as a consultant and brand manager for Chouinard Equipment, Black Diamond, and Patagonia; he has been the U.S. sport division sales manager for Petzl; and has worked as the
First Michael Jordan-Themed U.S. Store to Open in Chicago
The country's first Michael Jordan “Twenty-Three” athletic apparel and footwear store will be opened at University Village Marketplace on Maxwell Street in Chicago. According to a press released from University Village Marketplace, Northbrook, Ill.-b
Van’s Palladini Elected SIMA President
The Surf Industry Manufacturers Association (SIMA) named Doug Palladini, vice president of marketing for Vans and previously a SIMA Board of Director, as its new president. to succeed Baker as the new president of SIMA. Palladini succeeds Dick Baker, who
Rossignol North America Reorganizes Staff
Rossignol Group's North American division announced a number of changes in jobs and responsibilities, mostly in marketing areas. Among the changes, Tait Wardlaw, formerly the VP of Brand and Sports Marketing for Dynastar and Lange, will now serve as
Crocs Lays Off 38 in Niwot
Crocs Inc. laid off 38 employees this week at its headquarters in Niwot, CO, according to the Daily Camera. Spokeswoman Tia Mattson told the newspaper, “It’s part of our previously announced plans to restructure the organization.”..
Acushnet’s Q1 Sales Slide 12.5%
Acushnet Co., the golf division of Fortune Brands, reported sales in the first quarter fell 12.5% to $347.0 million from $396.4 million a year ago. Operating earnings after charges for the group, which includes Titleist, Cobra and FootJoy, tumbled 82.5% t
Escalade, Inc. Signs New Loan Agreement
Escalade, Inc. based in Evansville, IN, announced that, on April 30, 2009, it signed a new loan agreement with JP Morgan Chase Bank, N.A. (Chase) for a senior secured revolving credit facility. The agreement includes the waiver of the company's coven
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