The Wall Street Journal-20080212-In Brief
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In Brief
Full Text (272 words)SK Telecom Licenses
Technology to SanDisk
South Korea's SK Telecom Co. said it agreed to license mobile- television technology for its memory cards to SanDisk Corp. of the U.S. The two companies will also cooperate on joint projects. SK Telecom and SanDisk developed a joint platform to record mobile-TV programs on SanDisk's memory cards, the Korean company said in a statement. SK Telecom, Korea's largest wireless-service operator by revenue, will also provide SanDisk with technology to protect and deliver digital content.
G-III Apparel Group
Buys Outerwear Supplier
G-III Apparel Group Ltd. acquired outerwear-and-handbag supplier Andrew Marc for $42 million and expects the deal to add to earnings in the first year. Andrew Marc, best known for its leather coats, had 2007 sales of $80 million. New York-based G-III makes and distributes outerwear and sportswear under licensed brands, private labels and its own brands. G-III has fashion licenses for major sports leagues as well as brands including Calvin Klein, Kenneth Cole, Cole Haan, Guess, Jones New York, Nine West and Ellen Tracy. In the 12 months ended Jan. 31, 2007, G-III had sales of $427 million.
GCap Media to Shed
Noncore Operations
Fru Hazlitt, chief executive of GCap Media PLC, said she will move the U.K. radio operator away from digital audio-broadcasting transmission and focus on core brands to cut costs, boost profit and defend against a takeover. The plan comes two months after Global Radio, a closely held U.K. radio operator, approached GCap with an indicative offer of about GBP 300 million ($584 million), which GCap rejected. Ms. Hazlitt said she will dispose of Digital One and close several noncore radio stations.
