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Investors Reportedly Preparing Unsolicited Bid for Reebok
An investment group is preparing a $2.2 billion offer to acquire Reebok from Adidas AG, according to a report in Monday's Wall Street Journal that was later collaborate by Bloomberg News...(10/21/2014)
Timberland Paces VF’s Robust Q3
Led by accelerating momentum seen at Timberland, VF Corp. reported third-quarter earnings rose 8.5 percent in the third quarter, to $470.5 million, or $1.08 a share. Revenues grew 6.7 percent, to $3.49 billion. Results came in just short of Wall Street's consensus estimates of $1.09 a share on revenue of $3.57 billion but the company still slightly lifted its EPS guidance for the year...
Compass Diversified Adds SternoCandleLamp to Portfolio
Compass Diversified Holdings acquired Candle Lamp Company, LLC. Oct. 10 for eight times trailing 12 months EBITA in its first acquisition of a consumer brand since divesting control of Fox Holding Corp. earlier this year...(10/18/2014)
Google Express Targets Chicago, New York and D.C. Merchants In Major Expansion
Google began fulfilling same-day/next day orders for retailers in Chicago, New York and Washington DC last week in a major expansion of its membership-based Google Express shopping service. The expansion, which comes after an 18-month pilot program in Northern California, gives merchants an option to Amazon and eBay, which are also offering same-day/next-day services to merchants...(10/17/2014)
Bookings Starting Out Strong at U.S. Western Resorts
Bookings at western mountain resorts are showing an aggregated 7.4 percent gain in occupancy for the upcoming season compared to the same time last year according to DestiMetrics, a Denver-based organization that tracks mountain lodging bookings at 19 western mountain resorts in six states...
Converse Sues 31 Companies Over Chuck Taylor Knockoffs
Converse filed lawsuits against 31 companies in Federal District Court in New York accusing them of trademark infringement on its Chuck Taylor shoe. The brand, owned by Nike Inc., is suing for monetary damages, but is particularly seeking to prevent the continued sale of the alleged infringing product...
Quiksilver’s Bob McKnight to Retire
Bob McKnight, who co-founded Quiksilver in 1976, plans to retire as a senior executive of the company on Oct. 31, 2014. He will remain on the company's board but will no longer be executive chairman...(10/17/2014)
GoPro Stock Price Falls on Safety Concerns
Shares of GoPro fell nearly 10 percent last Monday after a French journalist said one of the company's helmet cameras may have played a role in F1 Champion Michael Shumacher’s tragic accident...