The Boy Scouts of America (BSA) said on Tuesday that it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.
Category: Outdoor
Moody’s Assigns A3 Ratings To VF’s Proposed Euro Notes
Moody’s Investors Service assigned A3 ratings to V.F. Corporation’s proposed senior unsecured Euro notes. The stable outlook reflects Moody’s expectation that the company will maintain its strong position in the global apparel industry and sustain longer term positive trends in revenue growth while continuing to generate healthy operating margins.
Yeti To Conduct Secondary Stock Offering
Yeti Holdings Inc. announced the commencement of an underwritten public offering of 15 million shares of Yeti’s common stock by certain of its stockholders.
S&P Reduces Boardriders’ Outlook To Negative
S&P Global Ratings lowered its debt ratings outlook on Boardriders Inc. reflecting our revised expectations for negative free operating cash flows (FOCF) through fiscal 2020 and the potential for a covenant violation.
Moncler’s Revenues Expand Double-Digits In 2019
Moncler reported sales of €1.627 billion its year ended December 31, up 13 percent at constant exchange rates and 15 percent at current exchange rates.
Kering Not Pursuing Moncler Acquisition
Kering chairman and chief executive officer François-Henri Pinault refuted rumors that his firm is exploring the acquisition of Moncler, the Italian luxury outerwear label.
Newell Brands Sees Q4 Decline In Home & Outdoor Living Segment
Newell Brands reported its Home & Outdoor Living segment generated net sales of $768 million in the fourth quarter compared with $809 million in the prior year period, reflecting a core sales decline of 2.8 percent, the impact of unfavorable foreign exchange and the exit of 75 underperforming Yankee Candle retail stores during 2019.
Unifi Announces Recipients Of Third Annual Repreve Champions Of Sustainability Awards
Unifi Inc. announced recipients of the third annual Champions of Sustainability awards, recognizing companies driving sustainability.
SportChek Sees Modest Growth In Q4
Canadian Tire Corp. reported sales of its SportChek segment were up 1.3 percent in the fourth quarter with comparable sales gaining 2.0 percent.
Yeti’s Q4 Sales Expand 23 Percent
Yeti Holdings Inc. reported adjusted net income rose 31 percent in the fourth quarter on a 23 percent revenue gain. Both earnings and sales exceeded Wall Street estimates.
Fox Factory To Acquire SCA Performance Holdings
Fox Factory Inc., has signed a definitive agreement to acquire SCA Performance Holdings Inc., a leading OEM authorized specialty vehicle manufacturer (SVM) for light-duty trucks and SUVs with headquarters in Trussville, AL. The company also said its fourth quarter and full fiscal year 2019 outlook is expected to be slightly above its previous range.
OBIT: Timberland’s Cassie Heppner
Catherine “Cassie” Heppner, a marketing executive at Timberland, has been identified as the woman fatally stabbed Sunday at Timberland’s headquarters in Stratham, NH. Timberland said in a statement, “Cassie was truly one-of-a-kind, and her passing leaves a void that will never be filled.” We extend our deepest condolences to her family and loved ones.”
Thule’s Revenues Slide In Americas Region In Q4
Thule Group reported underlying EBIT rose 10.6 percent in the fourth quarter on a 4.7 percent revenue gain. On a currency-neutral basis, sales were up 0.6 percent and were down 5.7 percent in the Americas region.
Kombi Sports Appoints Head Of Marketing And Digital
Kombi Sports Inc. announced that it has appointed Nathalie Binda as global vice president of marketing and digital. She joins the company’s senior leadership team. Binda joins Kombi from DavidsTea.
Implus Corp. Announces Leadership Transition
Implus Corp., a leader provider of athletic, fitness and outdoor accessories, appointed Michael B. Polk as interim chief executive officer. Seth Richards, Implus CEO, and Todd Vore, president, are transitioning their leadership roles and will be leaving the company to pursue other opportunities.
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