The North Face, Vans and Timberland parent lost its appeal in the U.S. Court of Appeals for the First Circuit, which upheld the Internal Revenue Service ruling that VF owed $875.7 million in tax related to the Sep. 2011 acquisition of Timby.

The league licensed headwear maker is preparing to offer its shares to the public, targeting a valuation of $4 to $5 billion, Reuters reported, citing sources familiar with the matter.

Retail import volumes at U.S. container ports were down 12% year-over-year to 1.91 million Twenty-Foot Equivalent Units, but up 4% from Jun., according the NRF and Hackett Associates’ Global Port Tracker.

YY’s manufacturing revenues fell 20%, the third consecutive month of declines, to an implied $445,994,000 contributing to an 18% decline in total revenues at the Chinese footwear maker and retailer to $639,219,000 in August.

S&P Global maintained its BB- issuer credit rating and B senior unsecured debt rating on the clogmaker and Heydude parent, which just refinanced the remaining $1.18 billion of its Heydude acquisition debt.

Volvik appointed Pete Kinney as its new president, and named John Holst VP of sales, at the Orlando, FL-based multi-layer golf ball manufacturer.

Victorinox Swiss Army filed suit in CT district court against its own authorized dealers who are selling its cutlery to unauthorized Amazon resellers.