Author: Thomas J. Ryan

Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699

Performance, Kids Drive Growth for ECCO in 2007…

March 31, 2008 SGB Update

Danish footwear maker ECCO Sko A/S broke the $100 million earnings barrier and nearly broke the $1 billion sales barrier in 2007 with strong leadership from its performance collection. The family-owned company said sales of the performance collection grew

Li and Fung U.S. Revenues Pass $1 Billion in 2007…

March 31, 2008 SGB Update

Li & Fung reported its U.S. business passed the $1 billion mark in 2007, achieving the company’s three-year plan. Overall, the company saw turnover of HK$92.5 billion ($11.85 bn) for the year, growth of 36% from 2006, and the largest turnover growth since

Luxottica Reaffirms Outlook for 2008…

March 31, 2008 SGB Update

Luxottica reiterated its earnings forecast of 1.11 euros to 1.14 euros ($1.70 to $2.05) per share for 2008, the first full year with contributions from the Oakley acquisition. The company paid $2 billion for Oakley last June. Luxottica said Oakley's

Outdoor Industry MandA Market Heats Up Again…

March 31, 2008 SGB Update

The M&A market heated up in the outdoor industry again last week as three industry brands changed hands. Gregory Outdoor Products, Teko socks and Native Eyewear all welcomed new ownership, with the first going independent for the first time since its ince

Founder Leaves Teko as Anatom Ltd. Enters…

March 31, 2008 SGB Update

Jim Heiden, Teko's CEO and founder, has left the company as Anatom Ltd., its new U.K.-based distributor, acquires a majority stake. Teko's VP of operations, Owen Hammond, has been named general manager in a move to ensure “a smooth ownership tr

And Native Enters Public Eye Under A.T. Cross…

March 31, 2008 SGB Update

Native Eyewear Inc. was acquired for $18.8 million last week by A.T. Cross Co., which is on a quest to build a $100 million optics business by 2010. Apparently, the numbers finally worked for everyone. ATX said it had paid $17.8 million in cash and assume

Administration Allows

March 31, 2008 SGB Update

A Bush administration interagency group, meeting earlier this month to discuss a proposal by U.S. Customs and Border Protection to eliminate the “first sale” rule of valuation for imported products, declined to withdraw the controversial plan. Instead, it

Action Sports Chain Adrenalina Plots National Expansion

March 31, 2008 SGB Update

Adrenalina, a destination retailer designed for extreme sports enthusiasts, announced that it has signed six new lease agreements as part of a national expansion initiative. The leases include premier mall locations in Atlanta, Denver, New York Metropolit

G-III Apparel Sales Climb 21.5%

March 31, 2008 SGB Update

G-III Apparel Group, Ltd. reported sales rose 30.2% in its fourth quarter ended Jan. 31, to $128.7 million from $98.8 million. Net income improved to $1.07 million, or 6 cents a share, from $518,000, or 3 cents, a year ago…

KangaROOS Names Product Line Manager

March 28, 2008 SGB Update

KangaROOS has named Deneen Habarta as its new product line manager for the US market. Operating under a new management team, KangaROOS is set to launch its first collection into the US market this fall with a more expansive collection to be introduced for

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