Sparbar, Ltd. reached received governmental approval for the construction of a 108,000-square-foot factory in the Philippines exclusively for the production of Sparbar products.
Author: SGB Media
Jenson USA Makes Marketing And Merchandising Hires
Jenson USA has appointed two new VP leadership roles – Steve Domingues as VP of merchandising and Michael Ladinig as VP of marketing and brand.
Academy Sports’ Debt Ratings Upgraded
Academy Sports’ debt ratings was upgraded by Moody’s due to its October 2 initial public offering and better than anticipated Q220 operating performance.
Textile Trade Group Opposes GSP Expansion To Apparel And Footwear
The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles, from fiber to finished sewn products, voiced strong support for a House resolution opposing the inclusion of apparel, textile and footwear products in the Generalized System of Preferences (GSP) program.
24 Hour Fitness Announces Restructuring Support Agreement
24 Hour Fitness, which filed for bankruptcy in June, announced that it has entered into a restructuring support agreement (RSA) with lenders beneficially holding approximately 73 percent of the company’s secured debt and approximately 65 percent of the company’s senior unsecured notes on the terms of a comprehensive restructuring plan.
Vista Outdoor’s Debt Ratings Outlook Raised To Positive
Moody’s Investors Service changed the rating outlook for Vista Outdoor Inc. to positive from negative due to the company’s improved EBITDA margin following the completion of on-going restructuring efforts and the company’s demonstrated commitment to debt and leverage reduction.
Olin Corp. Takes Impairment Charge
Olin Corporation, the parent of Winchester, announced that its financial results for the third quarter ended September 30, 2020 are expected to include a non-cash pretax impairment charge related to goodwill of approximately $700 million. The goodwill impairment charge is primarily the result of the sustained lower Olin stock price during 2020.
MEC Sale Gains Court Approval
A court in British Columbia approved the sale of MEC (Mountain Equipment Co-op) to Kingswood Capital Management, a California-based private-equity firm over calls by a group protesting the sale.
Helly Hansen Launches LIFA Face Masks, U.S. Profits Support The Conservation Alliance
Helly Hansen announced a new initiative to support The Conservation Alliance with the launch of its LIFA face masks. All profits from U.S. sales will directly support the organization. Norway-based Helly Hansen joined The Conservation Alliance in 2016 and has provided support to the group in previous years through Earth Day fundraisers. Its LIVA face mask […]
Fitness Brands Launch “Fight It With Fitness” Campaign
Several of the country’s largest gyms, including Anytime Fitness, Planet Fitness and SnapFitness, announced a new campaign called “Fight It With Fitness” – a call to action that urges Americans “to get healthy and recognize that fitness is essential to fighting the COVID-19 pandemic and to overall health and wellness.”
Grassroots Outdoor Alliance Confirms Fall Show Dates
Grassroots Outdoor Alliance has confirmed fall show dates for its Connect buying show through 2024. Upcoming fall shows for Grassroots Connect will be held in the Kansas City Convention Center with confirmed dates including November 8-11, 2021; November 7-10, 2022; November 6-9, 2023; and November 14-17, 2024.
Oomphies Drops Kids FW20 Collection; Website Redesign
Oomphies, a dedicated toddler and kids footwear brand, announced the release of its FW20 Collection with novelty styles and fabrics and specialty boots. The brand also did a recent upgrade to its website to make it easier to navigate for online shopping. “We have been incredibly eager to release our new website to our customers,” […]
Adidas Appoints New HR Chief
Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources.
USTA, Genesis Health Clubs Partner To Grow Tennis Participation
The USTA and Genesis Health Clubs announced a strategic partnership that brings together the national governing body for tennis in the United States with one of the largest health and tennis club companies in the country.
IHRSA Announces New Dates And Location For IHRSA 2021
The International Health, Racquet & Sportsclub Association (IHRSA) announced that its Annual IHRSA International Convention & Trade Show for 2021 will take place on September 20-22 in Los Angeles, CA. IHRSA 2021 had initially been scheduled to run in March at the Mandalay Bay in Las Vegas, NV.
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