La Jolla Group (LJG) has named Daniel Neukomm as its new CEO. Neukomm has served as EVP, corporate strategy at LJG since 2008 and replaces outgoing CEO Toby Bost who held the position for the last seven years.
LJG is the licensee for O’Neill, Rusty, Metal Mulisha, FMF, and The Berrics.
The company also announced executive updates … More
Sycamore Partners has made a $287 million offer for Billabong
Shares in Billabong are in a trading halt ahead of an update about its potential takeover. Billabong is currently in exclusive talks with the Sycamore consortium, made up the retailer’s US-based executive Paul Naude and private equity firm Sycamore Partners.
Sycamore Partners has … More
Action Sports Brands: Van’s Off the Wall, Reef, Timberland, Lucy, Eagle Creek, Jansport
VF Corporation reported financial results for its first quarter ended March 30, 2013. All per share amounts are presented on a diluted basis. Adjusted amounts refer to non-GAAP measures as described in the Adjusted Amounts paragraph below.
“VF’s first quarter performance is a great example of our strong business model, disciplined execution and our ability to leverage all aspects of our portfolio,†said Eric Wiseman, VF Chairman and Chief Executive Officer. “The combination of powerful brands and strong operating platforms creates a unique engine capable of delivering consistent, long-term shareholder value. With a strong start to the year, we’re well positioned to achieve our full year goals.â€Â   … More
Total revenue for the first quarter of 2013 was approximately $105.1 million, a 19% increase as compared to approximately $88.5 million in the first quarter of 2012. EBITDA attributable to Iconix for the first quarter was approximately $64.6 million, a 14% increase as compared to $56.8 million in the prior year quarter.
Free cash flow attributable to Iconix for the first quarter was approximately $51.8 million, a 9% increase as compared to the prior year quarter of approximately $47.4 million  … More