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Mike MacDonald, President and Chief Executive Officer stated, "In the quarter we accomplished our goal of achieving improvement in the underlying sales trends and eliminating any inventory imbalances. All major categories recorded improved sales performance in the second quarter compared to the first quarter. In...

Financial terms of the private transaction were not disclosed although sources told the New York Times that Bain's purchase of 50 percent of the company valued Toms at about $625 million, including debt. The deal had largely attracted private equity but some strategic players as...

Penske Media Corporation, the parent of Variety, has acquired the U.S.-based trade publishing assets of Conde Nast’s Fairchild Fashion Media unit, the parent company of business-to-business brands Women’s Wear Daily, Footwear News, Beauty Inc, M and the Fairchild Summits....

Murray will replace David Suddens, who has been chief executive of Dr Martens for 12 years and is to become non-executive chairman of the company. The changes follow Dr. Martens' acquisition by private equity group Permira for £300million in January....

The campaign is designed to connect with consumers on emotional levels that transcend any product, with the goal of further strengthening Ugg as a global, premium lifestyle brand, year round. The campaign explores the theme that life’s biggest moments are actually the small ones –...