S&P Global Ratings lowered its issuer credit rating on New Era Cap LLC to ‘B’ from ‘B+’ following the move by private equity firm ACON Investments in early August to increase its ownership stake significantly in New Era through a non-common equity transaction.
Author: SGB Media
Report: Kohl’s Gets Bid For Real Estate
Private equity firm Oak Street Real Estate Capital, LLC has reportedly offered to acquire as much as $2 billion in property from Kohl’s Corp.
True Spec Golf Opens Flagship In Scottsdale
True Spec Golf announced that the company had opened a flagship studio in Scottsdale, AZ.
Imperial Acquires J.T. Spencer
Imperial, the golf headwear brand, announced the acquisition of J.T. Spencer, the American belt manufacturer based in Richmond, VA. J.T. Spencer is the official belt licensee of Peter Millar and operates Peter Millar’s custom logo green grass belt program.
Salt Life Opens 21st Location
Delta Apparel, Inc. announced it opened a new retail store for its Salt Life brand in Jupiter, FL, marking the brand’s 12th retail location in the state and 21st overall.
Fiocchi Appoints Representation For Northeast
Fiocchi, the ammunition maker, hired Thomas F. Gowen & Sons, a full-service manufacturer’s rep agency, for Northeast sales.
Adidas Terrex Releases Free Hiker 2
Timed with its United by Summits campaign, Adidas Terrex released Free Hiker 2—an updated version of its hiking silhouette. The shoe offers an “improved sock-like fit for increased adaptability and a high-performance upper made of yarn that’s 50 percent Parley Ocean Plastic, reinforcing Adidas’ commitment to end plastic waste.” The shoe includes Adidas’ Boost technology for […]
DPS Skis Strengthens Product And Marketing Teams With New Hires
DPS Skis has hired Stu Gleason as ski and process engineer and Zach Clayton as global marketing manager to support its product and marketing departments. Harry Brown was added as dealer services manager and Bridger Royce as dealer services coordinator.
Pou Sheng Appoints New Chairman
Pou Sheng International, Ltd. said Lee Shao-Wu has resigned from the company, including as chairman and executive director. Yu Huan-Chang, its current CFO, replaced him.
New Wave Acquires BTC Activewear
Stockholm-based New Wave Group has acquired 100 percent of the UK promotional, corporate and teamwear apparel company BTC Activewear Limited shares. The purchase of the shares is £33 million on a cash and debt-free basis and a cash transaction.
NICS Firearms Background Checks Slide 3.1 Percent In August
The August 2022 NSSF-adjusted National Instant Criminal Background Checks (NICS) fell 3.1 percent to 1.29 million compared to the August 2021 NSSF-adjusted NICS figure of 1.33 million.
Ammo, Inc. To Open Ammunition Manufacturing Plant
Ammo, Inc. will open its manufacturing plant, located at 6311 West Custer Street in Manitowoc, WI, on September 22.
Ignik Introduces Backside Heated Seat Pad
Ignik, the Bainbridge Island brand, released its Backside Heated Seat Pad, offering battery-powered portable heat built for the outdoors. The Backside Heated Seat Pad is lightweight and can turn a chair into a heated seat. Made with a weather-resistant, bluesign-approved 100 percent recycled fabric outer and dense foam, it includes an intelligent controller which maximizes […]
Sportsman’s Warehouse’s Q2 Comps Drop 9.4 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings declined 22.5 percent on an adjusted basis in the second quarter as sales retreated 9.4 percent. Results exceeded the high end of guidance.
Tilly’s Blames Inflation On Q2 Miss
Tilly’s, Inc. reported earnings and sales missed company guidance in the second quarter. Sales were down 17 percent against record year-ago revenues.
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