Mick McGuire, founder of activist hedge fund Marcato Capital Management, told CNBC on Monday that Deckers Outdoor Corp had erred by over-investing in physical retail stores but that their Ugg brand has great potential.
Activist hedge fund Marcato Capital Management LP reported a 6 percent stake in Deckers Outdoor Corp , saying it intends to discuss strategy and options for the struggling maker of UGG boots and apparel.
Textile Exchange has received commitments from various apparel brands to the Responsible Wool Standard (RWS), which is a voluntary global standard that addresses the welfare of sheep and of the land they graze on.
Ugg partnered with Preen by Thornton Bregazzi to produce footwear for the latter's runway show at London Fashion Week. The two-piece footwear collection will launch in stores and online in February 2017.