Mossimo received an unsolicited proposal from Cherokee Inc. to acquire all the outstanding shares of Mossimo, Inc. for $8.50 per share, consisting of $6.00 per share in cash and $2.50 per share in Cherokee stock. Mossimo's board of directors will mee
Category: Footwear
Crocs Inks Title Sponsorship Deal with AVP Pro Beach Volleyball Tour
AVP Pro Beach Volleyball Tour and CROCS, Inc. signed a three-year deal establishing CROCS as the title sponsor and official footwear of the AVP Pro Beach Volleyball Tour. Beginning with this year's 2006 season, the tour will be known as the “AVP CROC
Summus Works to Establish Outdoor Retail/Media Center in Colorado
Summus Works, Inc. will establish its first “Summus Center” in Colorado. The first and each such asset will house a Company broadcast TV station and studio properties, an outdoor sports retail outfitter and product demo center, and leased units suitable f
Marine Corps Bans Certain Synthetic Fibers for Use in High Risk Areas…
The Marine Corps has prohibited the use of synthetic athletic clothing containing polyester and nylon by soldiers while conducting operations outside of forward operating bases and camps, according to a published report on military.com. The report said t
Saucony Management Fine Tunes Organization…
After moving Saucony under its Keds umbrella and naming Shawn Neville as president of both brands, The Stride Rite Corporation continued its shifting of Saucony management this week, creating the new Advanced Product and Processes Group and naming Tom Car
The Finish Line Opens First Paiva Store Format…
The Finish Line, Inc. bowed its first Paiva store at Barton Creek Square in Austin, Texas on Friday. The retailer expects to open additional units of the new women’s format at Natick Mall near Boston, Westfield Annapolis in Maryland, Mall of America in M
Callaway Golf Shares Fall on Q1 Earnings Guidance…
Callaway Golf Company shares fell 11.2% last week to close at $15.15 on Friday after the company issued revised first quarter sales and earnings guidance that fell short of Wall Street expectations. ELY is estimating that first quarter earnings per share
Friends of the Outdoor Industry Award Recipients Named…
The Friends of the Outdoor Industry Award is presented to a Member of Congress in recognition for their legislative leadership around outdoor recreation. This year, awards will be presented to Senator Conrad Burns (R-TN), Senator Susan Collins (R-ME), Sen
Summus Works Acquires Lisker of France USA
Summus Works, Inc., formerly known as Prime Rate Investors, has signed a letter of intent to acquire the U.S. distributor of Lisker clothing. Lisker is based in Grenoble, France, where it manufactures technical ski and snowboard wear and accessories. Lisk
Shimano Misses Sales Targets; Income Falls 15%…
Shimano, Inc. saw sales and margins slip in 2005 as operational problems plagued its bicycle components division causing the company to miss delivery on several of its higher end products. Spurred by higher demand for high end road-bikes, manufacturers ra
Mongoose Launches in China; Inks Deal with National BMX Team
Mongoose is coming to China, and will announce plans for the official brand launch at a press conference at the 2006 Shanghai Bike Show. Among the announcements at the press conference, Mongoose executives will reveal that it inked a deal to become the of
Trademark Case Against Converse Reinstated
The Fifth Circuit Court of Appeals panel agreed to reinstate a trademark infringement and trademark dilution lawsuit filed by Alpha Kappa Alpha and Delta Sigma Theta Sororities and Alpha Phi Alpha, Kappa Alpha Psi, Omega Psi Phi, and Phi Beta Sigma Frater
Outside Magazine Names Gear of the Year Winners
After months of rigorous field-testing, Outside announced the 2006 winners of the magazine's Gear of the Year awards. The 15 winning products—from mountain bikes, surfboards, and kayaks to digital cameras, GPS units, and sunglasses—represent the very
Antigua Sales Increase 5.1% for 2005
Antigua Enterprises Inc. saw net sales for the full fiscal year increase 5.1% to $45.9 million from $43.7 million the year before. Net income, however, slipped 11.5% to $2.1 million from $2.4 million one year ago. Diluted earnings per share reflected th
Easton-Bell Names Palma as CEO
Anthony Palma has officially assumed the position of CEO of Easton-Bell Sports, Inc. and Mark Tripp has assumed the position of CFO. William Fry, the company’s existing president and CEO, will remain the company’s president and will assume the new title o
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