Thai Chemical Company Building $150M Ingeo Plant
Thailand's largest chemical company, PTT Chemical Public Company Limited is investing $150 million to build a factory in Thailand that will supply Asia with Ingeo bioplastics created by Minnesota-based NatureWorks LLC. Ingeo offers the performance o
Facebook to Support eBay’s New X.Commerce Ecosystem
Facebook and eBay announced they had partnered to encourage development of a new generation of e-commerce applications with social networking capabilities…
Salomon Sports Canadian Stores to Use Footbalance Stations
Salomon Sports has named Footbalance the official custom-molded footbed for its retail locations in Canada…
Liz Claiborne Agrees to Sell Namesake, Monet and Kensie Brands
Liz Claiborne Inc. is selling its namesake brand and several others to concentrate on its Juicy Couture, Lucky Brand and Kate Spade higher-end labels. The company, which hasn't had an annual profit since 2006, said it will change its name to reflect
Sanuk Signs Surfing Star
Sanuk, a division of Deckers Outdoor Corporation, added Matt Meola to the brand's surfing team…
Puma Partners with Mercedes GP Petronas
Puma has entered into a new multi-year partnership with the Mercedes GP Petronas Formula One Team. Puma has become the exclusive licensing partner to Mercedes GP Petronas for footwear, apparel and accessories; and an official Team Partner,
Dick’s SG Launches Pink Campaign, Donates $250,000
In honor of National Breast Cancer Awareness Month, Dick's Sporting Goods launched its “October — The Power of Pink” campaign supporting the National Breast Cancer Foundation (NBCF). Throughout October, Dick's Sporting Goods will feature a vari
Onitsuka Tiger Appoints Advertising Agency
Onitsuka Tiger, a lifestyle and fashion brand owned by Asics, has selected Pitch, an integrated marketing agency based in Culver City, CA as its local Agency of Record. Onitsuka Tiger will look to Pitch to help expand from a niche position as a fashionabl
Mark Miller Exits K-Swiss
Mark Miller has stepped down from K-Swiss. He had been president of a K-Swiss' new Youth Division. He was also President of MMA brand FORM Athletics, which he founded and sold to K-Swiss…
Town Sports Names VP of Real Estate
Town Sports International Holdings, Inc., a leading owner and operator of fitness clubs in the Northeast and mid-Atlantic, named Todd Shugarman as its new vice president of real estate…
Accell Group Sells Derby Cycle Shares to Pon Holdings
Accell Group N.V. sold its 22% stake in Derby Cycle AG to Pon Holdings at a price of €28 per share, or a profit of €17 million ($23mm)…
Brown Shoe Adds Board Member
Brown Shoe Company, Inc. elected Mahendra Gupta, Ph.D., to its board of directors and appointed him to the audit committee. Gupta has been dean of Olin Business School at Washington University in St. Louis…
Nordica USA Pays $214,000 Federal Fine
Nordica USA, of West Lebanon, N.H., agreed to pay a civil penalty of $214,000 to settle allegations by the U.S. Consumer Product Safety Commission (CPSC) that it knowingly failed to report immediately to CPSC the safety defect and hazard with the “X
Dutch Court Slashes Accell Group Anti-trust Fine
Accell Group N.V. said the Netherlands Court of Appeal for
Trade & Industry has definitively settled the long-running anti-trust procedure against Accell Group and other bicycle manufacturers concerning breach of…
Nike Plans Aggressive Growth in China
In an exclusive interview with China Daily, Nike brand President Charlie Denson said on Tuesday that the company will continue to invest heavily in China. With more than 7,000 retail stores in China, Nike now plans to expand distribution to second and thi
