Deckers shareholders voted to keep the company's Board intact, defeating activist investor Marcato whose Board nominees wanted to make changes to the company that included selling off its Hoka, Teva and Sanuk brands.
Shares in Salvatore Ferragamo fell more than 8 percent on Friday after the Italian luxury goods firm, best known for its shoe designs and leather goods, signalled it would still be mired in a turnaround phase in 2018.
Inditex may have beaten the tough market in its latest period but fellow giant H&M hasn’t done so well. It said that while it “continued to grow globally during 2017 in a rapidly changing industry,” Q4 sales dropped.
TSG Consumer Partners, the private equity firm who has offered backing to Revolve, Smashbox Cosmetics, Pureology and E.l.f. Cosmetics among others, has acquired a minority stake in fast growth beauty company Huda Beauty.
Online shopping has its limits and physical stores will never go out of fashion, says the CEO of Unibail-Rodamco which is betting $16 billion (£12 billion) on buying Westfield to create a global mall giant.
It was a mix of the good and the bad as Sports Direct delivered its results on Thursday with the global retail giant clearly still a work-in-progress that's advancing in some areas, but also seeing a profits drop.
The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, people familiar with the matter said Wednesday.