Category: Footwear

PPR: No Rush for Acquisitions, Asset Sales

May 20, 2011 SGB Update

PPR, the parent of Puma, said it will take its time in deciding whether to buy and sell assets, with the focus being on creating value for the company. It recently reached an agreement to acquire skate and surf apparel group Volcom…

Puma Takes Over Puma Bodywear and Socks Company Dobotex

May 20, 2011 SGB Update

Puma will acquire 100 percent of its Dutch licensee Dobotex, which develops, produces and distributes Puma socks and bodywear. Puma currently holds 50.1 percent of Dobotex' shares and will acquire the remaining stake on the 1st of January 2012…

Fila Korea Acquires Acushnet Co.

May 20, 2011 SGB Update

Fortune Brands, Inc. announced a definitive agreement for the sale of its Acushnet Company golf business, featuring the Titleist and FootJoy brands, to a group led by Fila Korea Ltd., the owner of the Fila brand globally, and Mirae Asset Private Equity, t

Masseys Launches Online Travel Hub

May 19, 2011 SGB Update

Masseys has created an online hub for customers to access local and destination adventures on its web site. Masseys customers will be able to quickly locate and book trips with local canoe, backpacking, fishing, and surfing guides. The site will also sign

Timberland Launches Geocaching Campaign in Europe

May 19, 2011 SGB Update

Timberland has launched a GPS-enabled treasure hunt that spans six European cities to promote its Earthkeeper footwear range. The Trail of Heroes campaign will run in Berlin, Brussels, London, Madrid, Milan and Paris until June…

New Balance Creates Casual-Comfort Company

May 19, 2011 SGB Update

New Balance announced the creation of an independent company to accelerate the growth of company's two casual-comfort footwear brands, Aravon and Dunham, as well as create new brands in the casual-comfort space. Bob Infantino was named president of

Foot Locker’s Q1 Profits Surge 74 Percent

May 19, 2011 SGB Update

Foot Locker, Inc. reported first-quarter profits surged 74.1 percent to $94 million, or 60 cents a share, compared with net income last year of $54 million, or 34 cents, a year ago. Sales increased 13.3 percent to $1.45 billion from $1.28 billion a year a

Foot Locker Unveils Sneakerpedia.com

May 17, 2011 SGB Update

Foot Locker has launched Sneakerpedia.com, a social platform for the world's sneaker collectors, enthusiasts and influencers. Initially launched at a beta event in London in December 2010, the platform will showcase unique styles, never-before-seen i

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