Haute Couture week in Paris, which ended Wednesday, showcased shiny leather, tweed, vinyl, suede and fur footwear, with styles ranging from thigh-high to knee-high through to arty color block flower-festooned low boots.
Activist investor Marcato Capital Management on Tuesday warned Deckers Outdoor that it seeks to shake up management and the board by replacing all directors unless the footwear maker sells itself at an attractive price.
The California-based footwear company, which owns brands such as Uggs and Teva, saw net sales fall 2.4% to $369.5 million in its 4th quarter but surprised investors with higher revenues and an unexpected profit.
Deckers Outdoor Corp said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself.
Mick McGuire, founder of activist hedge fund Marcato Capital Management, told CNBC on Monday that Deckers Outdoor Corp had erred by over-investing in physical retail stores but that their Ugg brand has great potential.