adidas Posts $135 million Bid for Top-Flite
The New York Post is reporting this morning that adidas-Salomon made a $135 million cash bid for Top-Flite Golf Company, topping the $125 million offer made by the appointed stalking horse, Callaway Golf Company.
The bids are part of the 363 asset sale
adidas Issues Bonds in Advance of Top-Flite Auction
A report early Wednesday has adidas-Salomon gearing up for the fight for the Top-Flite. Reuters is reporting that adidas-Salomon made its debut in the bond market on Wednesday, issuing 400 million euros ($434 million) worth of debt convertible to around
The North Face Taps Fluid as Interactive Agency
Fluid Inc., a San Francisco-based interactive design and development firm, announced that it has been selected as the interactive agency of record for The North Face, a subsidiary of VF Corporation. Fluid assumed operational responsibility for www.TheNort
Brooks Hires New Communications Manager and Promotes Four Top Sales Employees
Brooks Sports announced a sales team power play designed to lengthen a stellar sales run and reinforce the brand's strategic category drive. Four internal employees, who have recently raised sales figures to new heights, were promoted in unison. Broo
VF Completes Nautica Deal; Forms Sportswear Coalition
VF Corporation has completed the previously announced merger between Nautica Enterprises, Inc. and a subsidiary of VF for a total consideration of approximately $600 million. The merger was approved by Nautica's stockholders on Wednesday. VFC announ
Nike Makes Five Senior Promotions
NIKE, Inc. announced the appointment of five executives to key posts. Tom Arndorfer has been appointed as Vice President and Chief Financial Officer of Nike USA; Jim Carter as Vice President, General Counsel; Adam Helfant as Vice President of U.S. Sports
Collegiate Pacific Fiscal 2003 Income Up 56% on 25% Sales Gain
Collegiate Pacific reported revenues for its fiscal year 2003 rose 25% to $21 million while net income jumped 56% to $1.2 million, or 30 cents per diluted share. BOO is projecting that revenues for the 2004-2006 periods will be approximately $26 million,
SmartWool Pulls Base Layers For the Season
SmartWool announced that its Aero-Lite and Thermo-Wt. base layers will not ship to retailers for Winter 03/04. This includes base layer tops and bottoms for men and women and the beanie, balaclava, neck gaiter and headliner.
Preliminary quality and perf
West Marine August Comps Up 1.1%
West Marine, Inc. reported that net sales for the four weeks ended August 23, 2003 were $59.2 million, a 26.5% increase from net sales of $46.8 million for the same period a year ago. Comparable store sales increased 1.1% from the same period a year ago..
Athlete’s Foot Completes Securitization
The Athlete’s Foot has successfully completed an investment grade asset-backed securitization transaction with UCC Capital Corporation (UCC), an industry leader in corporate whole company securitization backed by intellectual property. The long-term fixed
New Era Cap Renews NBA Licensing Deal
New Era Cap Company has signed a two-year licensing agreement with the National Basketball Association. The agreement, which runs through September 2005, provides New Era with manufacturing and marketing rights in such key product lines as the Hardwood C
adidas Signs Young Sprinter to Endorsement Deal
adidas has signed sprinter Allyson Felix, the 2003 Gatorade Female Athlete of the Year, to a product endoresemnt and marketing deal. Felix has gone from a nationally ranked junior, to a competitor at the World Championships. Earlier this year, Felix ach
Rodale Releases H1 Profits
Rodale continues its strong performance trend for the first half of '03, it was announced today by Steve Murphy, President and CEO of Rodale Inc. The first half of '03 was up an additional 14 percent in terms of overall revenues compared to the
Burton Expands Sales Group and Reps
Burton Snowboards recently added horsepower to its sales management team, strengthening resources at Burton's headquarters, in the rep force and the eastern U.S. sales regions. Here are the latest additions and promotions within the Burton sales grou
Malden Extends Emerge Date; CEO Looks for Buyback Help
Malden Mills has filed for an extension in its bid to emerge from bankruptcy to give CEO Aaron Feuerstein more time to raise the funds necessary to buy back controlling interest in the company. It now looks like September 10th is the target day to exit C
