Survey Finds Majority Of Fans Ready To Return To Live Events

Nearly 55 percent of fans are ready to return to live events today with another 45 percent cautiously optimistic to come back within the year once events return if crowd sizes are limited and social distanced seating options are offered, according to a survey from Experience, an Atlanta-based mobile ticketing app.

Varsity Brands Offering $100 Million Of Debt

Varsity Brands Holding Co. and its Hercules Achievement subsidiary are jointly offering $100 million of senior secured notes due 2024. The proceeds will be used to pay down borrowings on its revolving credit facility.

Boardriders Debt Ratings Lowered

The debt ratings of Boardriders Inc., the parent of Quiksilver, Billabong, ROXY, DC Shoes, RVCA and Element brands, were lowered by S&P Global Ratings. The rating agency said Boardriders recently published preliminary results showed severely negative EBITDA in the second fiscal quarter and indicated that it might need additional liquidity this year to meet its obligations.

Nike Makes Juneteenth An Annual Paid Holiday

Nike is making Juneteenth, which takes place on June 19 and commemorates the end of slavery in the U.S., an official paid company holiday, CEO John Donahoe said Thursday in a letter to employees. He also said Nike will be taking further steps to ensure Black, Latino and Women are properly represented at Nike.

PVH Reports Q1 Revenue Drops 43 Percent

PVH Corp., the parent of Calvin Klein, Tommy Hilfiger and Izod, reported first-quarter revenue decreased 43 percent to $1.344 billion and was down 42 percent on a  constant-currency basis compared to the prior-year period.

Sea To Summit Ready To Begin Delayed, Disrupted New Chapter

The coronavirus didn’t stop Sea to Summit from acquiring its North American distribution partner, but it did delay the closing date by more than a month. Founder Roland Tyson and NA General Manager Josh Simpson spoke with SGB Executive about how the brand overcame integration challenges amid the pandemic and what lies ahead.