COLUMBIA’S COUNTERFEIT SEIZURE: Columbia Sportswear Co. said Wednesday it has seized thousands of counterfeit products around the world in recent months, including apparel and accessories. A series of raids in China in July yielded about 80,000 counterfeit Columbia products and efforts in Vietnam have led to the closure of workshops making fake backpacks. In Australia, counterfeit apparel valued at more than $1 million has been seized, the company said. Tim Boyle, Columbia’s president and chief executive officer, said the company has worked with enforcement agencies globally to eradicate counterfeiting. Other fashion and apparel companies such as The North Face, Coach and Burberry have also embarked on aggressive anticounterfeiting activities recently.
URBAN SPLIT: Urban Outfitters Inc. announced a two-for-one stock split on Wednesday, which will bring the company’s total shares outstanding to 164.3 million once distributed on Sept. 23. The split will be distributed as a stock dividend of one share of common stock for each outstanding share. Richard A. Hayne, chairman and president of Urban Outfitters, said in a statement that the stock split “affirms our belief in the company’s short- and long-term growth opportunities and reflects our confidence in our ability to deliver superior results.” Shares of Urban Outfitters closed Wednesday’s Nasdaq session up 1.5 percent at $57.60.
MOVING UP: David Yurman has promoted Carol Pennelli to executive vice president of sales and marketing. Pennelli has been with the company since 2002 as senior vice president of sales. She was previously senior vice president of Clinique. Pennelli will now head marketing and communications for all of Yurman’s categories, including watches and jewelry.
This story first appeared in the August 18, 2005 issue of WWD. Subscribe Today.