May 20, 2011

Deckers to buy sports shoes brand Sanuk for $120 million

May 19 - Shoemaker Deckers Outdoor Corp agreed to acquire privately-held sports shoe brand Sanuk for $120 million in cash as it looks to tap the brand's customer base in the action sports footwear market.

UGG Australia (Deckers Outdoor Corp)

Goleta, California-based Deckers, known for its sheepskin UGG boots, expects the deal for Sanuk to be modestly accretive to earnings for 2011.

The deal includes additional participation payments based upon performance of the brand over the next five years.

Sanuk was founded in 1997 by Jeff Kelley. The brand's first product was a sandal made of green indoor-outdoor carpet and is known for its sandals and sports shoes.

(Reporting by Viraj Nair in Bangalore;Editing by Prem Udayabhanu)

archives Deckers Outdoor

5/4/12
Deckers sales up 20%
...group Deckers (UGG, Teva, Sanuk ...) recorded a 20.2% increase in net sales for a total of 186 million euros (246.3 million dollars) as compared to 155 million euros over the same period last year.
See complete article
4/30/12
UGG: soon to have its first flagship in France
...UGG (Deckers group) is due to open its first flagship in France before the end of the year. A 1500 square foot store is anticipated in the Marais area of Paris.
See complete article
4/30/12
Deckers Outdoor cuts forecast as margins dip
...maker Deckers Outdoor Corp slashed its full-year earnings forecast as it expects its margins to take a hit from high sheepskin costs.
See complete article
4/26/12
Skechers sees profit rebound in 2nd half
...competes with Deckers Outdoor Corp, Wolverine Worldwide Inc and VF Corp's Timberland, on Wednesday posted a lower than expected loss as higher product prices boosted gross margins. Gross margins in the first...
See complete article
2/27/12
Crocs expects to double sales in less than 5 years
...N) and Deckers (DECK.O) have passed on higher labor and raw material costs to shoppers, but said Crocs will not raise prices for now. Shares of Crocs have gained nearly 30 percent since the beginning of this year....
See complete article
1/19/12
UGG Australia appoints a creative director
...years at Deckers.
See complete article
10/28/11
Deckers banks on UGG brand, cautious on Europe
...maker Deckers Outdoor Corp raised its full-year revenue outlook for the third time this year on higher demand for its sheepskin boots, but said Europe will remain a concern going into the holiday season.
See complete article
10/7/11
UGG Australia and Tom Brady team up to charm men
...based Deckers Outdoor Corporation, UGG Australia reported sales of $800 million in 2010. In addition to its network of dealers, the brand has 25 stores worldwide. In France, UGG just finished renovating its...
See complete article
10/3/11
Hush Puppies, Sebago driving Wolverine Worldwide profit
...(SKX.N), Deckers Outdoor Corp (DECK.O) and Timberland, said gross margins rose 44 basis points to 40.6 percent in its latest reported quarter as it increased prices to offset rising costs. Many companies in the...
See complete article
5/6/11
Timberland disappoints as margins shrink; shares plunge
...Inc and Deckers Outdoor. Skechers USA Inc, however, posted a smaller-than-expected first-quarter profit on declining demand for the once-hot toning shoes. For the quarter ended April 1, Timberland earned 35 cents...
See complete article
4/29/11
Deckers trumps Street as UGG boots stay popular, sees Q2 loss
...Deckers Outdoor Corp reported a better-than-expected quarterly profit, spurred by continued demand for its sheepskin UGG boots, but said it would post a loss in the second quarter as it changes its business model...
See complete article
4/19/11
Deckers Europe recruits Urban Outfitters global president
...to join Deckers as its new President of Europe, Middle East and Africa.
See complete article
3/8/11
Deckers Outdoor Corporation appoints Michael Devine as independent...
...Deckers Outdoor Corporation announced the appointment of Michael F. Devine to its board of directors, effective March 1, 2011. Prior do this, Mr. Devine had served as executive vice president and CFO of Coach Inc...
See complete article
2/9/11
Dockers says farewell to commercial director for Northern Europe
...owner Deckers, where he will be joining the group as managing director. Dockers' men's collection
See complete article
1/14/11
Retailers to be tested by high commodity costs
...boots from Deckers Outdoor Corp and yoga-wear from Lululemon Athletica Inc. "The retailers have seen this coming ... Those who don't adjust well will have some explaining to do," Stackow said. But...
See complete article
12/8/10
Deckers files suit against Emu for 'UGG' trademark...
...Deckers Outdoor Corporation, a footwear manufacturer of UGG Australia, has filed a trademark infringement against Emu for intentionally misleading consumers into believing they are buying a genuine UGG product...
See complete article
12/1/10
UGG Australia announces partnership with Tom Brady
...” said Deckers Outdoor Corporation Chairman and CEO Angel Martinez." Since 1978 when an Australian named Brian Smith first brought the high-quality sheepskin boots worn by surfers to the United States, UGG...
See complete article
10/29/10
UGG sales boost Deckers Q3; co ups FY view
...maker Deckers Outdoor Corp topped third-quarter estimates as demand for its popular sheepskin boots remained strong, prompting the company to raise its full-year outlook.
See complete article
6/10/10
Skechers signs licensing agreement to expand in Ireland
...include Deckers Outdoor Corp (DECK.O) and Timberland Co (TBL.N), said there are plans to roll out additional stores across Ireland over the next five years. Shares of the Manhattan Beach, California-based Skechers...
See complete article
4/29/10
Skechers first quarter beats; sees revenue gathering pace on ad boost
...include Deckers Outdoor Corp (DECK.O) and Timberland Co (TBL.N), came in at $492.8 million, comfortably surpassing analysts' expectations of $459.6 million. For the first-quarter ended March 31, the company...
See complete article

More results