Callaway Golf Company and TaylorMade Golf Company have reached a settlement and patent license agreement that provides “specified rights” for each company to make certain products under patents owned by the other. The agreement covers technologies involvi
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
New Balance Acquires Vital…
In a push to jumpstart its apparel business, New Balance Athletic Shoe Inc. acquired Vital Apparel Group. The purchase price was not disclosed. Vital Apparel Group, based in Huntington, NY, comprises Vital Apparel, a women’s active brand; Vital Accessori
Under Armour Looks to Expand Workforce and Workspace…
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. A spokesperson for UA had no comment on the report…
Hardlines Weakness Continues to Vex Quiksilver…
Quiksilver Inc. posted a steep loss in its fiscal fourth quarter ended October 31 due to massive write-downs of its hardgoods business acquired in the 2005 Rossignol acquisition. More surprisingly, the company also predicted a “small loss” for Q1 due to c
Forzani Group Third Quarter Degrades on Weak U.S. Dollar, Weather..
The Forzani Group Ltd. had to contend with a rising Canadian Dollar, deep promotional discounts and warm weather in the fiscal third quarter ended October 28, but still managed to deliver an increase in overall retail system sales, thanks to improved resu
Outdoor Industry Posts Strong Results in Q3…
The outdoor industry bucked the worries that many financial analysts held over the credit crunch and mortgage crisis, posting strong sales results across the vendor/retailer divide with net income growing in-line as well, excluding one notable write-down.
Lafuma Sees Fiscal 2007 Sales Gain Despite Tough Conditions
Lafuma saw strength in international markets help to offset weakness at home as sales grew in the mid-singles for the company’s fiscal year ended September 30, 2007. Despite difficult weather conditions, the company reported that revenues for the fiscal y
Wolverine Appoints VP, Human Resources
Wolverine World Wide today announced the appointment of Pamela L. Linton to the position of SVP, Human Resources. In this position, Linton will report directly to Blake W. Krueger, CEO and president. Linton most recently served as SVP for the multi-nation
K-Swiss Signs Tennis Star Tommy Haas
K-Swiss inked an endorsement deal with internationally acclaimed tennis player, Tommy Haas. The German-born player has over 11 career ATP titles with a career high ranking of #2 in the world…
Report: Acushnet Loses Callaway Patent Suit
Callaway Golf Co. has won a patent-infringement jury verdict against Acushnet Co., according to Bloomberg News. Callaway sued Acushnet last year in a Delaware federal court for patent infringement relating to Callaway's three-layer golf balls. Acushn
Report: Alleged Scheme Linked to Under Armour IPO
A federal grand jury indicted the owner of a Georgia-based financial services company for defrauding potential investors who thought they were getting in on the 2005 IPO Under Armour Inc. The scheme involved promises of getting special”friends and family”
Amer Changes Segment Reporting
Amer Sports is changing its segment reporting to three product categories from four branded segments. The redefined business segments are: Winter and Outdoor; Ball Sports; and Fitness. The former segment reporting consisted of Salomon, Wilson, Precor, Ato
Endeavor Gains Shareholder Approval for American Apparel Acquisition
Endeavor Acquisition Corp. announced that its stockholders have approved the merger with American Apparel and its affiliated companies. The vote to approve the merger took place at Endeavor's special meeting of stockholders. The closing of the transa
Puma Forms Croatia Subsidiary
Puma AG said it formed a subsidiary in Croatia, to be called Puma Sport Hrvatska as part of its plan to expand into new markets. A former Nike divisional manager will head the operation. Puma Sports Hrvatska, to be based in Zagreb, will start operations o
Quiksilver Lowers Outlook After Q4 Loss
Quiksilver Inc. forecast a “small loss” for the three months for its first quarter ending in January and lower-than-expected profits for the 12 months through next October. In its fourth quarter ended Oct. 31, Quiksilver Inc. swung to a fourth-quarter net
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