×
55
Fashion Jobs
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
RITUALS
Sales Advisor - Liffey Valley (24 Hours)
Permanent · Lucan
RITUALS
Assistant Counter Manager - Arnotts Dublin
Permanent · Dublin 1
TAPESTRY
Sales Associate Iii - ce ir Kildare (11-19 Hours)
Permanent · Kildare
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (37.5 Hours)
Permanent · Dublin
SHISEIDO
Nars Assistant Manager - Brown Thomas Cork (37.5 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Galway (3 Month Ftc, 22.5 Hours)
Fixed-term · Galway
SHISEIDO
Nars Makeup Artist - Brown Thomas Cork (30 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
LULULEMON
Store Manager | Dublin Grafton Street
Permanent · Dublin
LULULEMON
Store Manager | Dublin Brown Thomas
Permanent · Dublin
LULULEMON
Key Leader | Brown Thomas Cork
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Limerick (15 Hours)
Permanent · Limerick
TK MAXX
10014-Associate
Permanent · Dublin
LULULEMON
Key Leader | Grafton Street Dublin 10 Month Contract
Fixed-term · Dublin
LEVI'S
p/t Sales Associate With Mid w Availability
Permanent · Dublin
LEVI'S
Keyholder 20+ pw
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Galway
TK MAXX
10014-Associate
Permanent · Mullingar
LULULEMON
Educator Part Time | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Full Time | Brown Thomas Cork
Permanent · Cork
TK MAXX
10014-Associate
Permanent · Dublin
Published
Dec 15, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Deckers defeats activist investor Marcato, keeps business intact

Published
Dec 15, 2017

Deckers shareholders voted to keep the company's Board in tact, defeating activist investor Marcato whose Board nominees wanted to make changes to the company that included selling off its Hoka, Teva and Sanuk brands.


The brand has implemented a number of measures to turn its business around - Deckers Brands


Marcato Capital Management is a SF-based private equity firm that holds 8.4% of Deckers stock. Marcato cited underperforming business as the reason it sought to replace the nine Board members up for reelection with its own nominees. Key actions Marcato's nominees were in favor of were selling the three Deckers' brands it saw were losing business.

Deckers campaigned actively to inform its shareholders about how it was attempting to turn the business around and asked for their vote of continued confidence. The brand has set a goal of improving operating profits by $100 million by 2020 and its actions have been showing results.

To better meet its financial goals, the company centralized operations at its Goleta, CA headquarters and has completed strategic layoffs to reduce expenses. It also announced plans to expand the Ugg business with more seasonal collections and deepen penetration of Hoka through global expansion.

In an official statement, Deckers thanked shareholders and announced it was pleased with the outcome of the vote. Deckers said, "Today’s outcome reaffirms that we are on the right track. We remain focused on continuing our strategic transformation as we optimize our retail strategy, improve operating profits, refresh our Board and return capital to stockholders."

Deckers has been in business for 40 years and its brands are sold in 50 countries. Its portfolio includes Ugg, Koolaburra, Hoka One One, Teva and Sanuk. 

Deckers will file the official results of the proxy vote with the SEC.

Copyright © 2022 FashionNetwork.com All rights reserved.