SGB Footwear

JC Penney Gets $1.75B Loan From Goldman Sachs

J. C. Penney Company, Inc. entered into a commitment letter with Goldman Sachs Bank USA under which Goldman Sachs has committed to provide the company with a five-year $1.75 billion senior secured term loan facility. Chief Financial Officer Ken Hannah sai

Quiksilver Expands Board by Appointing Ninth Director

Quiksilver appointed Michael A. Clarke to its board of directors. The nomination expands the company's board from eight to nine members. While Clarke worked for Reebok in the early 1990s, he has spent the last 13 years of his career running the Europ

Lafuma Group Revenues Plummet in First Half

Lafuma Group reported its sales declined 15.4 percent in the first half to €102.7 million. Sales declined 16.5 percent at its Lafuma Great Outdoor Division, 35.2 percent at its board sports brand Oxbow and 3.0 percent at its Millet, Eider and Killy

RECALL: 623 Aura Pro Handlebars Used on P-Series Bikes

Cervélo Cycles Inc. of Toronto, Canada is recalling about 623 Aura Pro Handlebars used as original equipment on two of its bikes because their clamps can detach during riding causing the rider to lose control, posing a risk of injury…