Puma will appeal an arbitration court ruling that could force it to pay up to 98 million euros ($119.6 million) to settle a long legal battle. Puma has been seeking to reclaim sole branding rights from its former licensing firm in Spain, Estudio 2000 SA..
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Clif Bar Becomes 20% Employee-owned
Clif Bar & Company, the maker of all-natural and organic food for athletes, announced the selling of family-owned common stock to its employees through an Employee Stock Ownership Plan (ESOP). Employees through the ESOP own 20% of the company, while husba
Zoot’s President Resigns
Brian Enge, president and former CEO of Zoot Sports, has resigned from the company, according to a report on the triathlon website, xtri.com…
G.I. Joe’s Managers End Plan to Revive Chain
Four former executives of G.I. Joe's have been thwarted in their attempt to bring back the Pacific Northwest chain. Ron Menconi, Joe's former vice president of marketing and merchandise who had served as the new company's president, told Th
Dansko Hires Creative Director
Dansko has hired Ann Dittrich as its new creative director. She formerly worked for Cole Haan, Florsheim and G.H. Bass, and had been working freelance for Dansko…
Varsity Spirit Doesn’t Consider Cheerleading a Sport for Title IX Purposes
Testifying in a lawsuit involving Title IX guidelines, Jeff Webb, founder and CEO of Varsity Spirit, said he believes cheerleading should not be a competitive sport, saying that making it so would threaten “classical sideline cheerleading.”…
Cybex to Sponsor The Biggest Loser TV Show
Cybex International, the fitness equipment manufacturer, has signed a multiyear agreement to be the fitness equipment partner for NBC's “The Biggest Loser” weight-loss reality show…
Fleet Feet Holds Annual Conference
Fleet Feet, Inc. honored the contributions and accomplishments of its franchisees, employees and vendors during its annual National Franchise Conference here June 20-24, 2010…
Fleet Feet Holds Annual Conference
Fleet Feet, Inc. honored the contributions and accomplishments of its franchisees, employees and vendors during its annual National Franchise Conference here June 20-24, 2010. Franchise owners and employees from 75 Fleet Feet Sports stores and representat
Sport-Haley Acquires Bette and Court Golf
Sport-Haley, Inc., the maker of golf and lifestyle apparel, completed the acquisition of all of the assets of Fantasi International, Inc., a Florida corporation doing business as Bette & Court Golf…
Puma Sees Boost from World Cup
Puma Chief Executive Officer Jochen Zeitz, in an interview with Reuters, said he expects the World Cup to boost sales of the company's soccer business although he gave no projections. Business in Africa have been particularly strong…
Heelys Launches the Hx2
Heelys, Inc. announces the North American launch of the Hx2. The Hx2 has two removable wheels in each shoe…
Authentic Brands Group Names President and COO
Authentic Brands Group, LLC appointed Perry Wolfman as president and chief operating officer…
Merrell to Introduce Barefoot Footwear for Spring/Summer 2011
Merrell plans to enter the barefoot category through an exclusive collaboration with Vibram, well known Five Fingers barefoot concept…
Finish Line’s Profits Surge on 11% Comp Advance
The Finish Line, Inc. reported sales climbed 9.0% in its first quarter ended May 29, to $282.4 million from $259.1 million a year ago. Comps climbed 10.9% compared to a 3.9% decline for the same period a year ago. Income from continuing operations signifi
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