November 25, 2019
Caleres’ net income slipped 4% in the third quarter ended Nov. 2 to $27,987,000 from $29,153,000 on 2% higher sales of $792,375,000 up from $775,829,000 helped by a 5% improvement from the Brand Portfolio while Famous Footwear was slightly down.
The tennis titan has made an unspecified investment in small Swiss sneaker brand On, and will also be a contributing product designer and representative for the company, the New York Times reported.
Carlyle Group is considering making a bid for the British footwear brand, whose current PE owner Permira has been shopping the company since last summer, according to a report in Bloomberg citing inside sources.
K2, a South Korean technical outdoor company which is not related to the ski brand, is already the licensed distributor of the Eider brand for South Korea.
Minnesota-based Junonia, Ltd. is suing Brooks Sports for infringing on its registered Juno trademark for women’s clothing that it has used since 2002.