Eddie Bauer said it has received bankruptcy court approval for the company to access the $90 million it requested of its new $100 million Debtor-in-Possession (DIP) facility from its existing revolving credit lenders, Bank of America, N.A., GE Capital Cor
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Patagonia Relaunches Footprint Chronicles Website
Patagonia said that on June 19 it launched a revamped Footprint Chronicles website with a new format that expands upon the company’s social practices. The Footprint Chronicles is an interactive mini website that reveals to consumers the good and the bad i
Amer Sports Sees Challenges to 2009 Business
Amer Sports, the parent of Wilson, suggested in a release that its full-year outlook is “clouded by the uncertainty in consumer demand in general.” The company did say that pre-season orders in winter sports equipment for fall/winter are roughly flat to l
Golf Town Appoints Marketing Chief
Golf Town, which operates 47 stores across Canada, appointed Ryan Brown as VP, marketing, to oversee branding and strategic business development. Prior to joining Golf Town, Brown served as VP of marketing for Second Cup Coffee Co, the largest Canadian-ow
Jimmy Choo to Design for HandM
Hennes & Mauritz plans to collaborate with British accessory brand Jimmy Choo on its next designer collection. The famed shoemaker will launch the collection in 200 H&M stores on Nov. 14, including shoes and bags as well as a women's clothing line to
Sportsman’s Warehouse Seeks Loan Amendment
The Sportsman's Warehouse, which is reorganizing in bankruptcy proceedings, is seeking to amend its DIP (debtor-in-possession) facility after defaulting on its credit agreement. The amended facility would enable the hunt and fish retailer to continue
Eddie Bauer Files Chapter 11 With Plan for Sale
Eddie Bauer Holdings Inc. filed for Chapter 11 bankruptcy protection Wednesday. As part of the filing, the company has an agreement to sell its assets to private-equity firm CCMP Capital Advisors LLC. CCMP reached an agreement to pay $202 million for the
Payless Opens First Store in United Arab Emirates
Payless ShoeSource and its franchisee partner, M.H. Alshaya Co. announced the grand opening of the first Payless ShoeSource store in the United Arab Emirates (UAE), with a 227-square-meter store located in Bawadi Mall, Al Ain…
Nike Claims Van Halen Lawsuit Has No Merit
Nike Inc. said it believes the copyright-infringement lawsuit filed by guitarist Eddie Van Halen against the company had no merit. In a statement, Nike said, “Based on the information provided to us, we have not infringed on any rights held by Mr. Van Hal
Pacific Cycle Bids $2.75 Million for Iron Horse Bicycle
Pacific Cycle increased its bid to buy Iron Horse Bicycle Co., which is reorganizing in bankruptcy proceedings, to $2.75 million. With another bid already in from Outdoor Cycle Group, an auction to entertain all bids for the bicycle manufacturer is now se
H2O Audio Partners with Michael Phelps
H2O Audio, the maker of waterproof headphones and accessories, has formed a multi-year partnership with 16-time Olympic medalist and 17-time World Champion swimmer Michael Phelps. Phelps will collaborate on product development and marketing initiatives…
TomTom to Raise $600 Million in Equity Offering and Placement
TomTom NV, the Amsterdam maker of navigation devices, plans to raise €430 million ($599.4mm) in a fully committed rights offering and through a private placement. Proceeds will be used to reduce debt. The manufacturer said its lenders also agreed to chang
Rossignol Hires Tim Petrick as Global VP Sales and Marketing
Rossignol named Tim Petrick its VP of global sales and marketing, effective July 1. Most recently VP of global sales for K2 Sports, Petrick will oversee the strategic direction of the Dynastar, Lange, Look and Rossignol brands. He will work from its globa
West 49 CEO Says Takeover Offer Appears Mute
West 49 Inc., at its annual meeting, said a takeover offer from Adrenalina Inc. appears to be dead after the potential buyer stopped negotiations. Sam Baio, CEO of the Canadian action sports chain, said the company hasn't heard from Adrenalina since
Icebreaker Launches
Icebreakerhas launched a new blog entitled “Holy Sheep!” on http://blog.icebreaker.com. The “Holy Sheep!” weblog is being updated 2-3 times weekly with the latest news, product releases, and events related to Icebreaker employees, friends and customers…
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