The Deckers Brands-owned premium running shoe brand announced on Thursday a partnership with the Japanese-American menswear label on a footwear collection, available exclusively at Nepenthes stores and online.
The Greensboro, North Carolina-based apparel and footwear company announced on Wednesday the return of the former Vans President, who will take on the newly created role of vice president, strategic projects at VF Corp.
Footwear and apparel company Deckers Outdoor Corp. has declared a significantly improved third quarter performance. Overall sales during the period rose 6.6 percent to $810.5 million, up from $760.35 million last year.
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.
Deckers' Board of Directors sent a letter to stockholders recommending a vote "for" all of the company's nominees. The letter comes after Marcato decreased the Deckers Outdoor Corporation board to three members.
Activist hedge fund Marcato Capital Management said on Monday it cut the number of nominees to Deckers Outdoor Corp’s board amid a prolonged proxy fight in which Marcato is seeking major changes at the Uggs boot maker.
Deckers Brands filed a letter to stockholders on Friday touting the company’s turnaround strategy, a move against activist shareholder Marcato Capital Management, which is seeking drastic changes to the company.
Deckers Brands Board of Directors revealed the turmoil the brand is currently going through in a letter it sent to its shareholders urging them to retain the current Board and not replace them with hedge fund nominees.