Key Developments: Skechers USA Inc (SKX)

SKX on New York Consolidated

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24 May 2013
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Latest Key Developments (Source: Significant Developments)

Holzer Holzer & Fistel, LLC Announces Investigation Into Potential Claims For Breaches Of Fiduciary Duty By Certain Officers And Directors Of Skechers USA, Inc.
Friday, 18 May 2012 01:57pm EDT 

Holzer Holzer & Fistel, LLC announced that it is investigating potential breaches of fiduciary duty by certain officers and directors of Skechers USA, Inc. (Skechers or the Company). On May 16, 2012, the Company announced it reached an agreement to settle allegations relating to claims it engaged in improper advertising while marketing its toning shoe products, including its Shape-ups brand. Skechers will pay $45 million to settle the legal claims brought by U.S. Federal Trade Commission and various state Attorneys General. Holzer Holzer & Fistel, LLC`s investigation seeks to determine if Skechers` Board of Directors breached its fiduciary duty to Company shareholders by, among other things, allowing the Company to engage in the advertising campaign that resulted in the settlement.  Full Article

Skechers USA, Inc. Launches Japan Subsidiary
Monday, 5 Mar 2012 09:05am EST 

Skechers USA, Inc. announced that the Company is transitioning its business in Japan from a third-party distributor to the new wholly owned subsidiary, SKECHERS Japan, G.K. With plans to double its business in Japan over the next three to five years, the Company will make a entry into the market starting from the 2012 Autumn/Winter collection of performance and lifestyle footwear for men, women and children.  Full Article

Skechers USA, Inc. Signs Licensing Agreement for SKECHERS-Branded Youth Electronics
Tuesday, 9 Aug 2011 09:05am EDT 

Skechers USA, Inc. announced that it has signed a licensing agreement with Sakar International to produce youth electronics and accessories featuring SKECHERS branding and SKECHERS Kids’ animated characters. The line is scheduled to launch in the first quarter of 2012 at retailers across the United States. Under the agreement, Sakar will design, produce and distribute a wide range of SKECHERS-branded electronics and accessories to include: MP3 players, molded ear buds, speakers, digital cameras, cases, skins, and USB flash drives inspired by SKECHERS Kids’ footwear styles. Products will be designed for boys and girls from elementary through high school with artwork from SKECHERS’ Zevo-3 animated television series, the Twinkle Toes by SKECHERS collection, as well as additional SKECHERS Kids’ characters and SKECHERS branding.  Full Article

Skechers USA, Inc. Signs Licensing Agreement With Li & Fung USA To Develop Fitness Apparel Lines
Monday, 13 Jun 2011 09:00am EDT 

Skechers USA, Inc. announced that it has signed a multi-year licensing agreement with LF USA, a subsidiary of Hong Kong-headquartered multinational Li & Fung Limited, to produce a SKECHERS Fitness apparel and accessories collection for men and women. The offering will include Shape-ups, Tone-ups and SKECHERS Resistance-branded activewear; outerwear and performance-related accessories. LF USA’s Regatta division will design, produce, distribute and market the collection, which is planned for a 2012 launch in department store, sporting goods and independent retailers in the United States.  Full Article

Skechers USA Inc News

BRIEF-Skechers USA shares up 2.8 pct after the bell

NEW YORK, May 15 - Skechers USA Inc : * Shares up 2.8 percent after the bell following results

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