March 20, 2018
As the Administration nears concluding its 301 investigation into Chinese abuses of intellectual property rights, importers of footwear and apparel have already raised strenuous objections to the prospects of retaliatory duties on their products, noting that their products are already heavily dutied and would further raise prices for consumers.
The Big Cat said it would grow on average 10% for the next for the next five years and reach an EBITDA margin of 10% no later than 2022 as it laid out its mid-term targets at its first investor meeting in London since it was spun off from Kering.
The 11-time Grand Slam champion wore the brand throughout his playing career that ended in 1980.
Starboard Value withdrew its proposed slate to replace the Newell board following yesterday’s announcement that Carl Icahn had reached a deal to support NWL’s internal transformation plan, but former Jarden CEO Martin Franklin told Reuters that he may bid for brands that Newell divests.
Comprehensive net income increased 10% to RMB 523,796,000 ($77.5 mm) from RMB 477,914,000 benefitting from a RMB 172 million foreign exchange benefit, but sales declined 5% to RMB 5,113,434,000 ($756.5 mm) from RMB 5,396,615,000 as the Chinese brand completed a three-year restructuring of its retail distribution structure.
The down-under outdoor retail chain agreed to acquire rugged footwear maker Oboz, which has been exclusively sold by Kathmandu in the Australian and New Zealand markets since the brand was founded in 2007.
The long-time licensee of the O’Neill surf brand promoted COO Josh Wellington to president and announced several key hires and promotions to support him.