Daily News Feed
Under Armour Names Patrik Frisk COO
The former head of VF’s Outdoors Coalition in the Americas will have responsibility for the company’s go-to-market strategy with chief revenue officer Charlie Maurath, chief product officer Kevin Eskridge, chief marketing officer Andy Donkin, chief supply chain officer Colin Browne and president of strategy Kevin Haley all reporting to him.
Mick McGuire, head of activist hedge fund Marcato Capital, sent a letter to the Deckers board saying that unless its strategic review results in a sale of the company at an attractive price, it would seek to replace the entire board in a proxy fight.
The 150,000-sq.-ft. space on Sixth Avenue in Midtown features a basketball court with seating for 400 and six floors of workspace in what is intended to be a statement about the E.B’s ambitions to focus on major cities as part of its Consumer Direct Offense.
Comprehensive net income jumped to ¥746 million ($6.6 million) from ¥171 million last year in the fiscal third quarter ended May 31, on flat revenues of ¥19,844 million ($174.5 million) vs. ¥19,755 million.
In a letter to Cabela’s Club members, CAB confirmed that its Lincoln customer service center will remain open under Capital One ownership.
Payless Sponsors Kick in $20 Million to Settle Claims
Unsecured creditors will now collect $32,316,000 from a $20 million payment from Golden Gate Capital and Blum Capital and the rest from the estate of Payless in a settlement which will give the two P.E. firms a complete release from all other claims regarding their two dividend payments totaling $350 million plus fees totaling another $50 million or so from the bankrupt shoe retailer.
The 370-store chain, which was acquired by Golden Gate Capital at a bankruptcy auction in 2009 with a cash bid of $286 million, has hired Guggenheim and Fianco to explore strategic alternatives, including a possible sale, according to Reuters.
The trademarks, websites and e-mail names were acquired by SDI Enterprises for $76,102 at an auction conducted by Hilco Steambank, which sent out 10,000 e-mails in a blast, made some calls and elicited four total bids.
The youth sports team management platform, which raised $25 million earlier this year, acquired the Jefferson City, MO, software company and its 15-member team, the Denver Post reported.
Sports Equipment Market Inches Up In 2016
The hot sectors cooled and the cool sectors didn’t warm up much as the global sports equipment market rose a mere 0.9% last year to $74,252 million from $73,557 million, a pace that did not even exceed the anemic 1.1% increase in the equipment market from the year before.
Forever 21 asks Adidas to clarify exactly what it means by its three-stripe trademark, wondering exactly what is included in this definition and what is excluded.