New Directors, Expansions, Technical Updates, and Acquisitions - Analyst Notes on Kate Spade & Company, Under Armour, Hanesbrands, Michael Kors and G-III
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NEW YORK, July 2, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Kate Spade & Company (NYSE: KATE), Under Armour, Inc. (NYSE: UA), Hanesbrands Inc. (NYSE: HBI), Michael Kors Holdings Ltd. (NYSE: KORS) and G-III Apparel Group, Ltd. (NASDAQ: GIII). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4359-100free.
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Kate Spade & Company Analyst Notes
On June 26, 2014, Kate Spade & Company announced that Doug Mack has been elected to the Company's Board of Directors, bringing the number of Directors to eleven. The Company stated that his initial term as Director is effective immediately and will expire at the Company's 2015 Annual Meeting of Stockholders. Mack is the current CEO of Fanatics. Inc., the world's leading retailer of licensed sports merchandise and a billion dollar eCommerce company. "Doug is an accomplished innovator with nearly 20 years of experience in online retail and technology industries, " remarked Nancy Karch, Chairman of Kate Spade & Company. "We look forward to his contributions as the Company expands, both on- and off-line, around the world." The full analyst notes on Kate Spade & Company are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/KATE/report.pdf
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Under Armour, Inc. Analyst Notes
On June 26, 2014, Under Armour, Inc. (Under Armour) announced that CEO Kevin Plank hosted the launch event for the brand's new retail space in Panama City, Panama. The store, located in one of the country's premiere shopping destinations, Multiplaza Pacific Mall, offers the brand's diverse range of performance footwear, apparel and equipment designed to give athletes an advantage when they train and perform. Under Armour stated that opening a brand store in Panama City represents the latest international expansion effort for the Company, which continues to build its presence outside North America. The full analyst notes on Under Armour are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/UA/report.pdf
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Hanesbrands Inc. Analyst Notes
On June 25, 2014, Hanesbrands Inc. (Hanesbrands) announced its planned acquisition of DBApparel of France (DBA), a leading marketer of intimate apparel, hosiery, and underwear in Europe, from Sun Capital Partners, Inc., provided consultation with European and French works councils representing DBA employees is completed and customary closing conditions are satisfied. According to the Company, this transaction offer values DBA at €400 million on an enterprise basis (approximately $550 million at current exchange rates), or approximately 7½ times EBITDA. Hanes informed that it intends to fund the acquisition with cash on hand and third-party borrowings. Hanesbrands stated that the acquisition could close as early as Q3 2014. The full analyst notes on Hanesbrands are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/HBI/report.pdf
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Michael Kors Holdings Ltd. Analyst Notes
On June 27, 2014, Michael Kors Holdings Ltd.'s (Michael Kors) stock declined 0.13%, ending the day at $90.00. Over the previous three trading sessions, shares of Michael Kors rose 1.86% compared to the Dow Jones Industrial Average which increased 0.20% during the same period. The full analyst notes on Michael Kors are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/KORS/report.pdf
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G-III Apparel Group, Ltd. Analyst Notes
On June 27, 2014, stocks of G-III Apparel Group, Ltd. (G-III) slipped 1.49% to close trading at $81.83. Over the past five-day trading session, G-III's stocks gained 1.54% while the Nasdaq Composite also increased by 0.68% during the same period. The full analyst notes on G-III are available to download free of charge at:
http://www.analystsreview.com/Jul-02-2014/GIII/report.pdf
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