April 01, 2019
VF Corp.’s faster growing Vans, North Face, Timberland and Dickies businesses will remain behind as the profitable, but slow-growing Wrangler and Lee jeanswear cash cow is spun off into a separate, publicly traded company next month.
The Superior Court judge agreed with CAB’s attorneys, who argued that because the retailer had complied with the law by running a federal criminal background check, it could not be held liable for a 2016 straw purchase.
Seven members of Amer senior management team received seven-figure payouts when they tendered their shares in the company to acquirer Mascot Bidco Oy for the €40 per share buyout price.
Samsonite’s outdoor brands had mixed results in 2018, with Gregory sales up 12% to $58.0 million and the more lifestyle-focused High Sierra’s top line flat at $73.7 million.
Berg has been on the apparel maker’s board of directors since 2015, and will succeed current chairman William D. Anderson effective as of the company’s shareholders meeting May 2.
Adjusted sales for sporting goods/hobby/book and music stores fell again last month, dropping 9% to $6,313 million in Feb. from $6,919 million last year, according to Commerce Dept. data.