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Costa Inc. Fetches Rich Valuation in Essilor Bid

November 11, 2013 SGB Update

Just two months after divesting its Cross pen business and renaming itself to unlock the value of its rapidly growing sunglasses business, Costa Inc. agreed to be acquired by optics giant Essilor International at a premium price that rivals the valuation

Owner of DVS, Heelys and Revo Reports Big Third Quarter Licensing Gains

November 10, 2013 SGB Update

Sequential Brands Group, Inc., a brand management and licensing company that owns the DVS, Heelys and Revo brands, reported third quarter revenues of $6.1 million, compared with approximately $1.3 million in the prior year quarter. Adjusted EBITDA swelled

Head NV Reports Exchange Rates Masked Q3 Gains at Winter Sports Segment

November 10, 2013 SGB Update

Head NV reported sales declined 4.1 percent to €93.0 million in the third quarter compared to that same period in 2012, but that bookings for its Winter Sports products are running 10 percent ahead of last year in currency-neutral (c-n) terms…

Head NV Reports Flat Sales for First Nine Months Ended Sept. 30

November 8, 2013 SGB Update

Head NV reported sales declined 1.0 percent in the nine months ended Sept. 30, compared to the prior year, but were up 0.9 percent in currency-neutral (c-n) terms. Racquet Sports, Diving and Licensing divisions all grew sales in c-n terms, while Winter Sp

Costa Inc. to be Acquired by Essilor International

November 8, 2013 SGB Update

Costa Inc., previously known as A.T. Cross, announced an agreement whereby Essilor International will acquire all outstanding shares of the company for $21.50 per share. This corresponds to an enterprise value of approximately $270 million. The all-cash o

Shoebuy.com Launches Charitable Shopping Campaign

November 7, 2013 SGB Update

Shoebuy.com has again partnered with National Coalition for Homeless Veterans, Oxfam America, The Home for Little Wanderers and Two Ten Footwear Foundation to support these organizations during their busy end of year fundraising campaigns…

First Descents Names Livestrong Vet as Executive Director

November 7, 2013 SGB Update

First Descents, a non-profit providing outdoor adventure programs for adults with cancer, named Ryan O'Donoghue as the organization’s new executive director. O'Donoghue joines the non-profit from the Livestrong Foundation, where he managed

ISPO Munich to Pay Way for Select European Retailers

November 6, 2013 SGB Executive SGB Update

ISPO Munich has partnered with the European Outdoor Group (EOG) to bring up to 70 additional outdoor retailers from across Europe to the 2014 edition of the show free of charge as VIPs with subsidised accommodation.

B. Robinson Names Webb to Head Outdoor/Specialty Sales at Revo

November 6, 2013 SGB Update

B. Robinson has hired Alex Webb as vice president of sales, Outdoor/Specialty, at Revo, a sunglasses brand it recently licensed from Sequential Brands Group…

Under Armour CEO Partners With University Of Maryland For Nationwide Business Competition

November 6, 2013 SGB Update

Applications are now being accepted for the 2014 Cupid's Cup Business Competition, presented by Under Armour founder and CEO Kevin Plank and the University of Maryland's Robert H. Smith School of Business. The annual competition offers the count

The Outdoor Foundation Finds Participation in Camping Slid Significantly in 2012

November 6, 2013 SGB Update

Participation in camping declined significantly in 2012 from 2011, according to a new study released Wednesday by The Outdoor Foundation and sponsored by The Coleman Company, Inc. The report found that 38 million Americans, or 13 percent of Americans over