Deckers Brands, the US-based owner of Ugg and other labels, reported 2.3 per cent sales growth to $282.2 million in its first quarter ended on June 30, compared to sales of $276.8 million in the same period last year.
Animal rights organisation Peta has taken advantage of the downturn in the stock markets. Peta’s U.S. subsidiary has bought shares in around 20 businesses including Kering, Burberry, Ralph Lauren, and Guess.
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.
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 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.