The debt ratings of Academy Sports + Outdoors Inc. were raised by S&P Global Ratings as the retailer recently announced continued growth in the second quarter ended July and filed for a potential IPO.
Category: Footwear
Asics Joins RE100
Asics announced that it has joined RE100, the global environmental initiative composed of member companies committed to relying solely on renewable energy for electricity in their businesses. As a member company of RE100, Asics will aim to use only renewable electricity across all Group companies by 2050.
NFHS, NFL Announce Partnership To Promote High School Football
The National Federation of State High School Associations (NFHS) and the National Football League (NFL) have announced a partnership to promote growth and support for football at the high school level.
Gap Inc. Expands Loyalty Program Across Banners
Gap Inc. said it is launching unique loyalty programs across the U.S. and Puerto Rico across each of its core brands: Navyist Rewards, Gap Good Rewards, Banana Republic Rewards, and Athleta Rewards, replacing its previous loyalty program, BRIGHT Rewards. Customers can earn and redeem rewards across its family of brands.
REI Co-op Achieves 14-Year Carbon Neutrality Commitment, Sets Ambitious New Climate Platform
REI Co-op announced it will complete a 14-year commitment to be carbon neutral in its operations in 2020 and launched an ambitious new climate platform that will see the co-op more than halve its carbon footprint over the next decade – even as the company anticipates future growth in size and revenue.
Boardriders’ Debt Ratings Upgraded By S&P
Boardriders Inc., the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA and Element brands, saw its debt ratings upgraded by S&P Global Ratings as the company recently completed a transaction to provide needed liquidity. The issuer credit rating was raised to ‘CCC’ from ‘SD’, which reflects an updated view of the company’s still distressed credit risk.
Bass Pro Extends Partnership With Toyota
Toyota and partner Bass Pro Shops and Cabela’s announce the renewal of a longstanding partnership for an additional five years, which will lead the brands into 20 years of collaboration together.
Canada Goose Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned first time ratings to Canada Goose Inc., consisting of a B1 corporate family rating (CFR), B1-PD probability of default rating, a B2 rating to its proposed $300 million senior secured first-lien term loan B due in 2027, and an SGL-1 speculative grade liquidity rating. The outlook is stable.
Crocs Appoints Board Member
Crocs Inc. announced that Charisse Ford Hughes has been appointed to its board of directors effective October 1, 2020.
Puma Appoints General Manager EEMEA Distribution; Head Of Corporate Strategy
Puma appointed Johan Kuhlo, currently head of corporate strategy and investor relations, as general manager EEMEA Distribution with immediate effect.
Adidas Renews Partnership With Huston-Tillotson
Adidas signed a new four-year partnership with Huston-Tillotson in Flower Mound, TX.
Academy Sports And Outdoors Sets IPO Range
Academy Sports and Outdoors late Wednesday set its initial public offering terms, hoping to raise $250 million from the sale of 15.625 million shares between $15 and $17 a share.
Kathmandu’s 2020 Sales Boosted By Rip Curl
Kathmandu Holdings Limited reported group sales were up 48.7 percent in the 12 months ended July 31, boosted by nine-month ownership of Rip Curl.
TOCA Football Confirms $15 Million In New Funding; Appoints Board Members
TOCA Football, Inc., the soccer-focused and technology-enabled experience company, has appointed Abby Wambach and Richelle Parham to its Board of Directors. The platform also recently secured $15 million in a new financing facility.
Goat Group Raises $100 Million To Further Accelerate Growth
Goat Group, the online marketplace for sneakerheads, closed a Series E funding round of $100 million from D1 Capital Partners.
Founded in 2015 as a sneaker re-seller, the company has expanded into apparel and accessories from select emerging, contemporary brands.
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