Canada’s Dorel buys Cannondale and Sugoi
Canada's Dorel Industries Ltd. said it acquired Cannondale Bicycle Corporation and Sugoi Performance Apparel in an all cash deal valued at $190 million to $200 million. Cannondale and Sugoi are being purchased from an affiliate of Pegasus Capital Adv
Spyder Acquires Cloudveil…
Spyder Active Sports, Inc. has acquired Cloudveil Mountain Works, Inc. Terms of the deal were not disclosed. Under the agreement, Cloudveil will remain a separate brand entity and operate as a wholly owned, independent division of Spyder Active Sports. Cl
L.L. Bean Seeks New Ad Agency
L.L. Bean has placed creative duties on its $40 million advertising account into review, according to adage.com. L.L. Bean currently does not have a creative agency of record and has been farming out work to agencies on a project basis. Its media agency
HEAD Teams With 3point5 on Pro Deals
HEAD has partnered with retail training company 3point5.com to administer pro deal programs at specialty retailers. The partership induces Pros at HEAD retailers to study HEAD products on 3point5.com and take online tests to earn points which can be redee
Russell Partners with NCAA Football
Russell Athletic has entered into a three year partnership agreement with NCAA Football to become the “Official Supplier of NCAA Football Youth Products.” As part of the deal, Russell Athletic has exclusive rights to utilize NCAA Football trademarks on pr
Eddie Bauer Cuts Staff, Targets $30M in Savings
Eddie Bauer Holdings sacked 123 corporate staffers and reshuffled its executive ranks in a bid to cut costs. The cuts, which represent 16 percent of the company's corporate staff, will affect employees in Seattle, Chicago and Columbus. The initiative
SmartWool Names Sullivan as Agency of the Year
SmartWool Corporation said it had chosen the Sullivan Agency as the 2007 Agency of the Year. Stated Mark Satkiewicz, SmartWool vice president of sales, “They have a seasoned coach, a fantastic point person to handle the details of their business around or
LaCrosse Footwear Q4 Profits Rise 8%
LaCrosse Footwear, Inc. reported Q4 sales reached $32.7 million, up 3% from $31.7 million in the fourth quarter of 2006. Net income was $2.4 million or 38 cents per share, up 8% from $2.2 million, or 36 cents, a year ago…
Kellwood to Allow Shareholders to Decide on Sun Capital Deal
Kellwood Company intends to remove all impediments to the $21.00 per share cash tender offer made by an affiliate of Sun Capital Securities Group so that it can be consummated on February 12, 2008 if a majority of the shares are tendered. Kellwood will ap
University of Wisconsin-Madison Cancels New Era Contract
The University of Wisconsin-Madison has canceled a licensing contract with New Era Cap Co., citing allegations of discrimination and anti-union activity at one of its factories in Alabama. The company had made Wisconsin knit caps under the license…
Merrell Commits $500,000 To Conservation Alliance Legacy Fund
Merrell announced it will commit $500,000 to the Conservation Alliance Legacy Fund, a new initiative securing a reliable source of funding for operations for the organization…
Nike’s Head of Footwear Design Moves to Converse
Nike announced that John Hoke, Vice President of Global Footwear Design for the Nike brand, is moving into the newly created role of Vice President, Global Footwear, for Converse, responsible for the brand’s global footwear product management, design, dev
Soffe Parent Feels Pinch from Restructuring…
Delta Apparel, Inc. posted a loss for the fiscal second quarter ended December 29 versus a small profit in the year-ago quarter, but the loss came in a bit smaller than originally expected. The major contributor to the loss was a 630 basis point decline
Johnson Outdoors Sees Q1 Bottom Line Hit From Escape, Military Businesses…
Johnson Outdoors Inc. saw modest sales growth during its seasonally slow first quarter aided by acquisitions as well as by sales increases in each of its divisions, except for Outdoor Equipment. However, exports outpaced domestic sales in Marine Electroni
Golf Town Focuses Growth in Quebec Market…
Golf Town, based in Toronto, Ontario, plans to open five new stores in key markets throughout the Quebec region over the next twelve months. Established in 2002, Golf Town currently operates eight retail stores across Quebec and over forty stores Canada-w
