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UGG owner Deckers may be up for sale

28/04/2017
Footwear group Deckers has announced that its board will “review a broad range of strategic alternatives”, possibly including the sale of the company or of one of its brands.

Deckers brands include double-face sheepskin boot brand UGG, along with outdoor brands Hoka OneOne, Sanuk and Teva.

“We have made significant progress in streamlining our cost structure, optimising our retail store fleet, and realigning our brands, with the goal of improving profitability,” said Dave Powers, who took over from Angel Martinez as chief executive a year ago.

It said it would give more details of its plans at the end of May. It had already a $150 million savings programme.


Related stories:

Deckers decides against pursuing sale 31/10/2017
Tensions continue between Deckers and key investor 26/10/2017
Deckers shareholder suggests sale of Hoka One One brand 09/10/2017
Pressure grows on Deckers board of directors 15/09/2017
Ugg recovery helps Deckers to strong first quarter 01/08/2017
Deckers investor increases pressure on board 30/06/2017
Hoka One One to continue as sponsor of Dallas Marathon 14/06/2017
Better-than-expected year for Deckers 01/06/2017

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