Marcato Reduces Its Nominees To Deckers Board To Three From Nine
Marcato Capital Management LP, said it is sending a letter to Deckers’ stockholders announcing that it has modified its slate of highly-qualified director nominees for election at the Company’s 2017 Annual Meeting of Stockholders to include Kirsten J. Feldman, Steve Fuller, and Anne Waterman.
Columbia Flagship Closes Temporarily Amid Protests
Columbia Sportswear’s store in downtown Portland closed on Saturday after it faced organized demonstrations. The protests came after CEO Tim Boyle said his company was exploring closing its nearby downtown office because of safety concerns.
OIA Strongly Opposes Expected Move To Shrink Bears Ears
Amy Roberts, executive director of the Outdoor Industry Association (OIA) in an open letter said the organization opposes the Trump administration’s expected move to “severely” reduce the overall size of Bears Ears National Monument in Utah and urged its members to “continue to make our voices heard.”
Independent Proxy Advisory Firms Recommend Deckers Stockholders Vote Deckers’ Board Candidates
Deckers Brands announced that leading proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services recommend that Deckers stockholders vote on the WHITE proxy card for Deckers’ director nominees at the 2017 Annual Meeting of Stockholders to be held on December 14, 2017.
Ibex Will Cease Operations In February 2018
Ibex released a letter confirming that it’s “in the process of closing down its current business.” The merino apparel brand had indicated earlier in the summer that it was shutting down its wholesale operations to focus on retail.
Aisle Talk, Week Of November 27
Top headlines from the active lifestyle industry you may have missed this week.
Billabong Explores Quiksilver Merger
Shares of Billabong climbed 23 percent after the company disclosed that Boardriders Inc., formerly known as Quiksilver Inc., had made an offer to acquire the company. Billabong indicated that its board will evaluate the proposal.
Billabong Gets Takeover Bid From Quiksilver
Billabong International Limited confirmed that it has received a confidential, indicative and non-binding proposal from Boardriders Inc., formerly known as Quiksilver Inc., to acquire the company in a bid that values the company Australian $198 million (U.S. $150 million).
Darn Tough Donates Profits From Giving Tuesday To Vermont Foodbank
The Northfield-based sock company Vermont donated 100 percent of its profits from online sales during Giving Tuesday.
Columbia And Icebug Partner With Michelin
Columbia and Icebug are the two latest footwear manufacturers to adopt Ice Control Technology developed by the R&D department of Michelin Technical Soles, based in Verona, Italy.
HUF Sells 90 Percent Stake To Japanese Apparel Group TSI Holdings
Japanese apparel group TSI holdings said it plans to acquire a 90 percent ownership stake in Huf Holdings’ skate brand Huf for $63 million.
Leave No Trace Center for Outdoor Ethics Announces 2018 Hot Spot Location
With more than 12 billion people visiting public lands each year, the need for Leave No Trace outdoor education is greater than ever before. As part of the Leave No Trace Center for Outdoor Ethics’ Leave No Trace In Every Park initiative, the Hot Spot program is now in its seventh year, having trained more than 50,000 people.
Marcato Sends Letter To Deckers Stockholders
Marcato Capital Management LP, the activist shareholder group seeking to replace Deckers Brand’s board with its own candidates, is sending a letter to Deckers’ stockholders “urging them to hold Deckers’ Board of Directors accountable for their lack of transparency and oversight, and Deckers’ chronic underperformance” by voting for its slate of candidates.
Salomon Announces New Trail Running Series
The series will combine five of the most iconic short-distance trail races on the planet into a dream tour for both athletes and fans.
LeftLane Sports Sees Momentum In Holiday Adventure Travel Sale
LeftLane Sports announced that it is on pace to surpass a 100 percent increase in its holiday adventure travel sales, led by strong Black Friday and Cyber Monday sales.
