Sponsors
▼ Professional Services
Rossi Doskocil & Finkelstein LLP
RDF is a full service CPA firm that specializes in providing our clien
More...
More...
► News from other sources
► Industry Insight
► What our readers say...
Timberland sells IPATH
By TIFFANY MONTGOMERY
January 07, 2011 12:53 PM
January 07, 2011 12:53 PM
Timberland has sold its skate brand IPATH, according to a memo sent to Timberland employees yesterday.
Klone Lab, a licensee for New Balance sandals based in Massachusetts, acquired the brand. Terms of the deal were not disclosed.
In the memo, CEO Jeff Swartz said IPATH revenues grew 40% in the past year, and the brand has grown its account base domestically and internationally.
However, Timberland decided IPATH did not fit with Timberland’s core mission to become the No. 1 outdoor company.
Timberland recently said in a quarterly report IPATH has not met the revenue and earnings growth forecasted when it was acquired in August 2007.
Timberland does not break out IPATH revenue in its reports.
Articles you might have missed
▼ Industry Releases
- Spy brand Q1 sales rise 14%
- Europe challenges hurt Puma Q1 profits, sales
- CCS presents Midwest Mayhem
- NRF: April retail sales rise 3.9% vs. last year
- SIA Releases August - March RetailTRAK™ data
- True Religion to be acquired for $835 million
- Val Surf launches a new website
- Billabong names Micah Byrne Surf Team Manager
- The Buckle April same store sales rise
- TransWorld Business partners with Surf Expo
- SES Pages
- Home
- About Us
- Archives
- Industry Insight
- Contact Us
- Sponsors
- SES Topics
- Executive Edition
- Videos
- Surf
- Skate
- Snow
- Executive Moves
- Financial news
- Retail
- SES Friends
- Fast Food Maven
- Beach Blog
- Taylor Digital
- The Berrics
- Malakye
- Apparel News
- SDSI
- Surfline
- SES Sponsors
- KNOW?SHOW
- Innovative Systems
- Displayit
- ChopShop
- A52 Warehouse
- Turtle Bay Resort
- CIT
- Surf Expo
SES Authors
Developed by Taylor Digital
© Shop-Eat-Surf, LLC, 2008-2013. All rights reserved.
