SGB Update Apparel
Puma Shares Rise On PPR Takoever Rumours
Shares in Puma rose almost 10% on Thursday on market talk the French group, PPR could launch a bid for the German sportswear group. PPR reportedly has plenty of firepower to make medium or large acquisitions. At the end of 2006 PPR had roughly 1.5 billion
Foot Locker to Launch Former Knick John Starks Apparel Line
Former NBA All-Star and New York Knicks legend John Starks has partnered with ZipWay on a new athletic apparel line. The breakaway pant collection launches at 150 Foot Locker stores around the country on April 13…
Peregrine Distribution Inks Deal with OTB
Peregrine Distribution Services has signed its newest client, OTB (Over the Beach) Boots, based in Scituate, MA, manufacturer’s of a new line of specialized boots for the outdoors. Peregrine will provide warehousing, order fulfillment and customer service
American Apparel/Endeavor Merger Moving Forward
Endeavor Acquisition Corp. said it had been advised by American Apparel that the company will post at least $30 million for the fiscal year ending December 31, 2006 in pro forma EBITDA, meeting requirement for the acquisition to move forward. American App
Saks CFO-Designate Decides to Exit Company
Saks Incorporated has announced that Michael G. Archbold, Executive Vice President/Chief Financial and Administrative Officer of Saks Fifth Avenue, will resign his position effective April 13, 2007. He was slated to assume the post of EVP/CFO of Saks Inc
Stride Rite Sees More Keds Weakness Fiscal Q1…
The Stride Rite Corporation saw continued weakness in the Keds business cut into gains elsewhere for the company’s fiscal first quarter ended March 2. Net income growth still outpaced sales growth by a wide margin for the quarter, due in large part to a
Mike Ashley Buys adidas Stake; RBK Moves EU Headquarters
Sports Direct’s Mike Ashley has invested £183 million ($350 mm) on a 3.14% stake in adidas. The entrepreneur used his own resources to buy the adidas stake, rather than those of Sports Direct…
Gildan Plans Five North American Factory Closures
Gildan Activewear Inc. will close its two remaining textile facilities in Montreal, as well as its cutting facility in Bombay, N.Y., in the fourth quarter of the current fiscal year. Two sewing facilities in Mexico, which are supplied with fabric from Gil
Jetboil Hires Lathrop as VP of Sales
Jetboil hired Chris Lathrop as the company’s new vice president of sales. As VP of Sales, Lathrop will be responsible for overseeing Jetboil’s strategic sales growth and business development activities, marketing and branding initiatives, and will provide
Phoenix Footwear May Not Meet Financial Covenants for Q1
Phoenix Footwear Group Inc., the parent of Royal Robbins, said it does not believe it will meet its financial covenants for the first quarter and the company's independent public accountants have included a “going concern” qualification in its report
Joe’s Readies Openings for Bellevue and Kirkland Stores
Joe's Sports, Outdoor & More, formerly G.I. Joe's, said it plans to host community-wide grand openings for new stores in Bellevue and Kirkland, Washington, beginning with ribbon-cuttings at each store at 9 a.m. on Thursday, April 5, 2007…
Delta Apparel Appoints Dr. Gatewood to Board of Directors
Delta Apparel, Inc. has elected Elizabeth J. Gatewood, Ph.D. to its board of directors. Dr. Gatewood is the Director of the University Office of Entrepreneurship & Liberal Arts at Wake Forest University, a position she has held since 2004. The Office of E
Mission-Itech Restructures Canadian Sales Team
Mission-Itech Hockey made several changes to the structure of its Canadian sales force. John Casey will move from his current position as the director of Canadian sales into a position as an independent sales representative with his company – John Casey M
Sports Direct’s Ashley Buys Adidas Stake
Sports Direct’s Mike Ashley has invested £183m (U.S. $350 million) on a 3.14% stake in adidas…
REI Announces Board Election Results
Recreational Equipment, Inc. announced its 2007 board election results during its annual membership meeting held March 26. Cooperative members voted to return incumbents Anne Farrell and Tom Harville, and elected John Hamlin and Edward M. Schmults to thr
