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L A Gear Co

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June 28, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Sneaker maker L.A. Gear, disclosing its most disappointing earnings since becoming a public company in 1986, said Wednesday that its second-quarter profit fell 36% despite a 33% increase in sales. The Marina del Rey-based company warned investors June 1 that its earnings would be off as much as 40% for the quarter ended May 31, so the official report was perhaps not as bad as some expected.
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BUSINESS
September 24, 1990 | MARTHA GROVES, TIMES STAFF WRITER
After shareholders hit L.A. Gear with 24 class-action suits in June, lawyers for the Southern California maker of trendy footwear and clothing ordered executives to clam up. L.A. Gear officials called off a planned dinner for securities analysts at a July sporting goods show in Chicago, prompting one Sutro & Co. stock watcher to cancel his trip there. "The company had always been very good about communicating, and then all of a sudden they stopped talking," said Jonathan H.
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BUSINESS
September 24, 1990 | MARTHA GROVES, TIMES STAFF WRITER
After shareholders hit L.A. Gear with 24 class-action suits in June, lawyers for the Southern California maker of trendy footwear and clothing ordered executives to clam up. L.A. Gear officials called off a planned dinner for securities analysts at a July sporting goods show in Chicago, prompting one Sutro & Co. stock watcher to cancel his trip there. "The company had always been very good about communicating, and then all of a sudden they stopped talking," said Jonathan H.
BUSINESS
June 28, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Sneaker maker L.A. Gear, disclosing its most disappointing earnings since becoming a public company in 1986, said Wednesday that its second-quarter profit fell 36% despite a 33% increase in sales. The Marina del Rey-based company warned investors June 1 that its earnings would be off as much as 40% for the quarter ended May 31, so the official report was perhaps not as bad as some expected.
BUSINESS
September 27, 1991 | CARLA LAZZARESCHI, TIMES STAFF WRITER
The shake-up of top management at L.A. Gear continued Thursday, as the troubled athletic shoe maker named Mark R. Goldston, a former marketing executive at rival Reebok International Ltd., to the newly created position of president and chief operating officer. The company also announced the immediate resignation of Kevin Ventrudo, 32, its senior vice president and No. 3 official. L.A. Gear officials said Ventrudo is pursuing other business opportunities.
BUSINESS
October 22, 1996 | From Bloomberg Business News
Kani Inc., a designer shoemaker created by the founder of L.A. Gear, plans to sell 1.4 million common shares in an initial public offering, according to papers filed Monday with the Securities and Exchange Commission. The Manhattan Beach-based company filed to register the stock for sale, saying it expects to price the shares in the $10- to $12-a-share range. Kani is headed by Robert Greenberg, who founded Santa Monica-based L.A.
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