SGB Update Outdoor

Mississippi TanTec Recognized at Tannery Of The Year Awards Program

Mississippi TanTec Awarded Highly Commended Award at Tannery of the Year Awards Program 2018 The sixth Tannery of the Year Awards program for 2018 organized by World Leather Publications came to a conclusion on March 14 with a gala dinner held in Hong Kong.

Pentland Brands Acquires Endura

Endura, the cycling apparel brand and Movistar Team clothing partner, has been acquired by Pentland Brands. 

Starboard Says Four Of Its Newell Board Nominees Pull Out

Four of activist hedge fund Starboard Value LP’s nominees to Newell Brands Inc’s board of directors withdrew their nominations, a day after the company maker gave billionaire investor Carl Icahn four board seats.

Oboz To Be Acquired By Kathmandu

Kathmandu, the outdoor retailer primarily active in New Zealand and Australia. said it had agreed to acquire Oboz Footwear, based in Bozeman, MO, for a base cash consideration of U.S. $60 million and earn-out of up to U.S. $15 million.

Large U.S. Retailers Urge Trump Against China Tariffs

A letter sent to President Trump signed Monday by 49 of the nation’s largest retailers, including Walmart, Target and Costco outlines their concerns about the detrimental impact broadly applied tariffs could have on American families. 

Newell Brands Announces Agreement With Carl Icahn

Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.

L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017

L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.