Burton has hired Mike Rees as the CFO of Burton Corporation. Rees spent sixteen years at VF Corporation in a number of roles, including CFO of Reef and Eagle Creek and CFO of VF's International Outdoor division…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Broder Bros. Amends Terms of Exchange Offer
Broder Bros., Co. has amended certain of the terms of its pending exchange offer for all of its 11.25% senior notes due 2010. Such holders will now receive an amount in cash equal to $20.00 per $1,000 principal amount of the Existing Notes tendered, of wh
Fortune Brands Raises Q1 Outlook, Cuts Dividend
Fortune Brands Inc. the parent of Titleist, FootJoy and Cobra Golf, slashed its quarterly dividend by 57 percent but gave a much better-than-expected preview of first-quarter results. Despite the strong first quarter, the company kept its prior full-year
O’Neill Group Appoints New CEO
Jan Valdmaa has been appointed chief executive officer of the O'Neill Group, the surf, snow and lifestyle brand that was originally founded in Northern California in 1952. Valdmaa will replace interim CEO Tom Heidman…
Jarden to Offer $250 Million in Notes
Jarden Corp., the parent of Coleman, K2, Rawlings, Marmot and other outdoor brands, said it will offer $250 million in notes and use proceeds to pay off part of its senior credit facility term loans. Jarden said the senior unsecured notes would be guarant
Headsweats Hires VP of Sales and Outside Reps
Headsweats appointed Mike McQueeney to the role of vice president of sales and, for the first time, hired a select group of outside reps to support a major business expansion of the Cincinnati-based performance headwear company.
Most recently, McQueeney
OBIT: Charles Caravati, Founder of Dixie Sporting Goods Co.
Charles Caravati, founder of Dixie Sporting Goods Co., has passed away on April 25. Caravati founded Dixie Sporting Goods Company in 1952, and served as president until his retirement in 1987. He was also a former chairman of the board of the NSGA Board o
Hanesbrands Sees Expected Sales Decline and Loss in Q1
Hanesbrands Inc., the parent of Champion, reported sales in the first quarter decreased by 13% to $857.8 million. The company said sales came in “as expected due to conditions in the retail marketplace.” The net loss came to $19.3 million, or 20 cents a s
OBIT: James H. Warsaw
James H. Warsaw, former president of Irvine-based Sports Specialties Corp., passed away at the age of 61. Warsaw sold Sports Specialties to Nike for $78 million in 1993. A donation to the University of Oregon led to the creation of the school's Warsa
SGMA Forum Discusses Sports Rule Changes
The SGMA on Wednesday, April 22 met with more than 50 sporting goods industry executives from 30 different sporting goods companies in Indianapolis, along with the leadership of NCAA and the National Federation of State High School Associations (NFHS) to
Filene’s Basement Sold to Buxbaum Group
Filene's Basement has been acquired by an affiliate of the Buxbaum Group, a firm that specializes in corporate turnarounds and retail liquidations. Filene's parent company, Retail Ventures Inc (RVI.N), said it had disposed of the unit for no net
Soffe Parent Posts Profit in Q3 with Sales Up Double-Digits
Delta Apparel, Inc, the parent of M.J. Soffe, reported sales rose 13.7% in its third quarter ended March 28, to $85.7 million. The sales growth was driven by a 32.1% sales increase in the activewear segment partially offset by a 7.6% decrease in retail-re
Cutter and Buck Impacted by Weak U.S. Market
New Wave Group, based in Stockholm, Sweden, said sales of its Sports and Leisure division, which includes Cutter & Buck and Craft, were virtually flat at MSEK 413 million ($50.5 million) from MSEK 411 million ($50.2 million) a year ago. But profit on EBIT
AAFA Joins Call for Trade Reform
The American Apparel & Footwear Association (AAFA) joined a broad coalition of business organizations and non-governmental organizations (NGOs) to encourage Congress and the Obama Administration to undertake a wholesale reform of U.S. trade preference pro
Sports Direct Reiterates Guidance
Sports Direct International said despite the tough conditions, it remains confident of achieving underlying EBITDA of £135 million ($197 million.) The largest U.K. sporting-goods retailer said sales in the last six weeks were “higher than expected” gains,
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