Jordache Enterprises

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USA: Nautica Posts £2.6m Q1 Loss Amid Sales Slump | 9 Jul 02

US apparel giant Nautica Enterprises Inc on Tuesday swung into a first quarter net loss of $2.6 million amid falling sales and a $2.1m charge related to the axing of a distribution centre in Maine. The New York-based company, which made $3.2m in the year-ago period, said in a statement it was optimistic about its performance for the rest of the fiscal year.

Who says people don’t buy jeans online? | 8 Jul 02

Initial predictions for online jeans sales might have faded fast, but those jeans brands who have built up an Internet following say this part of their business isn’t going away. In fact, if you’ve got a well-known brand that consumers love and trust, your virtual revenue is very real says Stacy Baker.

USA: Nautica Posts Steep Fall In Earnings | 26 Apr 02

Apparel giant Nautica Enterprises Inc on Friday revealed a 95 per cent plunge in fourth quarter earnings before charges as well as disappointing sales and said it expects a first-quarter loss as it takes a charge to cover job cuts.

The New York-based firm, which markets clothing under brands such as Earl Jean and John Varvatos, said fourth quarter earnings were $0.5 million, or two cents per share, excluding charges totalling 26 cents a share related to a distribution centre closure and job losses.

USA: Nautica Announces Two Earl Jean Promotions | 30 Oct 01

Nautica Enterprises Inc today announced that it has promoted Joe Krafka to president of Earl Jean Inc, a wholly-owned subsidiary of the company acquired in April 2001, and has opened an Earl Jean retail store in Soho.

USA: Nautica Enterprises Posts Profits Leap | 4 Oct 01

Nautica Enterprises Inc today announced an increase in second quarter net sales of 17.5 per cent to nearly $200m. Figures released by the US-based firm, which designs and markets garments under brands such as Nautica Sport Tech and John Varvatos, revealed sales increased from $169.6m in the second quarter of last year to £199.3m in the same period during 2001.

USA: Supreme Inter. License Agreement With Nautica Apparel Inc | 17 Aug 01

Supreme International, a division of Perry Ellis International, Inc. ("PEI"), announced today that it has signed an exclusive corporate market license agreement with Nautica Apparel Inc., a subsidiary of Nautica Enterprises, Inc. The license, which is for corporate apparel, bags and accessories, covers both the United States and Canada. The agreement provides a "collection concept" enabling Supreme to combine apparel and accessories to service the needs of its corporate customers.

USA: Fashion Executive Pleads Guilty To Money Laundering | 3 Aug 01

A fashion executive who built the FUBU sportswear brand, has agreed to plead guilty to a charge of money laundering. Elliot Lavigne faces up to 20 years in jail and may be ordered to give back as much as $7.7m of profits. Federal authorities allege that Mr Lavigne earned quick profits by manipulating about two dozen initial public offerings underwritten by a defunct New York firm.

USA: Nautica Enterprises Up In First Quarter | 13 Jul 01

Nautica Enterprises Inc reported an 11 per cent increase in net sales to $135.2 million from $121.3 million in the first quarter of last year. Net earnings rose slightly to $3.2 million compared with $3.1 million in the same period last year. Diluted earnings per share were $0.09, comparable to the first quarter of the prior year due primarily to the company's investments in new businesses and its infrastructure.

USA: Nautica Appoints Licensing Division President | 23 May 01

Nautica Enterprises, Inc. (NASDAQ: NAUT) today announced the appointment of Christopher Heyn to the position of President of Nautica Apparel, Inc., the licensing division of Nautica Enterprises, Inc. In this role, Mr. Heyn will be responsible for identifying new licensing opportunities and enhancing the division's overall contribution to the Company. He will report directly to David Chu.

USA: Nautica Enterprises Completes Acquisition of Earl Jean | 4 May 01

Nautica Enterprises Inc (NASDAQ:NAUT) has completed the acquisition of Earl Jean Inc which was first announced on April 24, 2001. Earl Jean, a wholly owned subsidiary of Nautica Enterprises, is a rapidly growing designer, manufacturer, wholesaler and retailer of luxury women's jeanswear and related apparel.

USA: Nautica Buys Earl Jean | 24 Apr 01

Nautica Enterprises today announced that it is to acquire Earl Jean, Inc, a designer, manufacturer, wholesaler and retailer of luxury women's jeanswear and related apparel, in a cash and stock transaction. The acquisition will expand Nautica's presence in the upscale speciality retail channel and accelerate the company's strategic move into fast-growing, high-margin product categories and brands that reach younger female consumers and are distributed throughout the world.


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