Home / Knowledge / News / Fashion / Deckers buys TSUBO, a high-end casual footwear company
Deckers buys TSUBO, a high-end casual footwear company
07
May '08
Deckers Outdoor Corporation announced that it has acquired 100% of the ownership interest of TSUBO, LLC. The purchase price is approximately $6 million in cash plus a potential future earn-out, subject to customary working capital adjustments.

The Company stated it does not expect the acquisition to affect its previously announced diluted earnings per share outlook for the remainder of the year.

Founded in 1998 and headquartered in Carlsbad, California, TSUBO is a high-end casual footwear company with products for men, women and children. The brand is the synthesis of ergonomics and style, with a full line of sport and dress casuals, boots, sandals and heels constructed to provide consumers with contemporary footwear that incorporates style, function and maximum comfort.

The company utilizes a proprietary bubble outsole design as well as eco-friendly materials in the design and manufacturing process in order to achieve their distinct look and feel. TSUBO products are sold throughout the United States primarily at better department stores, as well as in more than a dozen countries worldwide. For the year ended December 31, 2007, TSUBO reported sales of approximately $10 million.

Angel Martinez, President and Chief Executive Officer of Deckers, commented, "We are pleased to announce this acquisition and believe that TSUBO represents an ideal complement to our existing portfolio of lifestyle brands. TSUBO's target consumer, product selection, industry niche and relative under-penetration in the marketplace make it an extremely good fit for us.

In addition, TSUBO's commitment to quality distribution and its unique Performance Comfort platform allow us to develop a compelling brand story for the global marketplace. We are confident that we can leverage our design, marketing and distribution capabilities to grow TSUBO into a meaningful business over the next few years, consistent with our mission to build niche brands into global market leaders."

The acquisition was funded with existing cash balances.

Deckers Outdoor Corporation


Must ReadView All

Garment sector can create maximum jobs: Myanmar minister

Apparel/Garments | On 17th Feb 2019

Garment sector can create maximum jobs: Myanmar minister

The garment industry can create the maximum job opportunities in...

Courtesy: Techtextil Messe Frankfurt

Textiles | On 17th Feb 2019

Messe Frankfurt urges Bangladesh to participate in expos

Messe Frankfurt representatives recently urged Bangladesh’s textile...

Courtesy: Rune

Apparel/Garments | On 17th Feb 2019

12 ReTech taking over Rune

12 ReTech Corporation is in the process of taking over New York-based ...

Interviews View All

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Manuele Baggini,

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search