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BLOOMBERG: S&P Seen Surrendering to Tea Party Costing U.S. Taxpayers

BLOOMBERG: S&P Seen Surrendering to Tea Party Costing U.S. Taxpayers

  • News
  • August 8, 2011

By Zeke Faux Standard & Poor’s, the rating company that downgraded the debt of the United States to AA+ from AAA for the first time, now finds itself assailed by investors led by billionaire Warren Buffett for making a political decision that has more to do with Tea Party politics than the financial stability of the U.S. ... Read More

DAILY BANKRUPTCY REVIEW: Future Shock

DAILY BANKRUPTCY REVIEW: Future Shock

  • News
  • August 3, 2011

By Anders Maxwell In his 1970 bestseller, “Future Shock,” sociologist Alvin Toffler put forward a thesis that individuals would be increasingly overwhelmed by the accelerating rate of social and technological change, popularizing the phrase, “information overload.” Forty years on, the U.S. economy itself is in Future Shock. ... Read More

WWD: VF Corp in $2 Billion Deal for Timberland

WWD: VF Corp in $2 Billion Deal for Timberland

  • News
  • June 14, 2011

By Evan Clark with contributions from David Moin, Alexandra Steigrad Eric Wiseman, chairman and chief executive officer of VF Corp., said the $2 billion cash deal to acquire The Timberland Co. would transform his firm into a giant with $10 billion in annual revenues and, he hopes, the profile of a performance apparel company. The... Read More

THE DEAL: Deckers pays $120 Million for Sanuk

THE DEAL: Deckers pays $120 Million for Sanuk

By Richard Collings Here's a deal that may not incite "uggs" from investors. Deckers Outdoor Corp., parent of the Australian-based Ugg brand of footwear, announced on Friday, May 20, that it reached a deal to acquire Sanuk U.S.A. LLC and C&C Partners Ltd., the exclusive licensees of the Sanuk shoe brand in the United States, ... Read More

DAILY BANKRUPTCY REVIEW (DBR): The Great Housing Depression

DAILY BANKRUPTCY REVIEW (DBR): The Great Housing Depression

By Anders J. Maxwell Traditional business cycle theory holds that housing leads the economy in and out of recession. This reflects the industry’s historic sensitivity to interest rates. While housing clearly led the recent downturn, having peaked by early 2007, this economic bellwether continues to plumb new depths. Gauged by fin... Read More

BLOOMBERG: PPR Buys Volcom for $607.5 Million to Expand

BLOOMBERG: PPR Buys Volcom for $607.5 Million to Expand

By Andrew Roberts PPR (PP) SA agreed to buy Volcom Inc. (VLCM) for $607.5 million, its biggest purchase since Puma in 2007, to add skate- and snowboarding gear to its sports and lifestyle business. PPR will pay $24.50 a share in cash for Costa Mesa, California-based Volcom, the companies said in a statement. The purchase has an e... Read More

NY TIMES: PPR to Buy Volcom, a Sportswear Maker

NY TIMES: PPR to Buy Volcom, a Sportswear Maker

By Chris V. Nicholson PPR, the French luxury goods group that controls Gucci and Puma, said on Monday that it had agreed to buy the sports accessory and clothing company Volcom for $607.5 million. The Volcom board has approved the offer of $24.50 a share, nearly 25 percent above the closing price of $19.73 on Friday. The board an... Read More

WWD: Retail Restructuring Seen Ahead

WWD: Retail Restructuring Seen Ahead

  • News
  • April 14, 2011

By David Moin and Vicki M. Young Retail will be a primary source of restructuring activity for the next 18 months, if not longer. That’s the conclusion of Durc Savini, managing director and head of the restructuring and recapitalization group at investment bank Peter J. Solomon Co., which held a company presentation Wednesday on... Read More