SGB Update

CODI’s Debt Ratings Downgraded

Moody’s Investors Service downgraded Compass Group Diversified Holdings LLC’s Corporate Family Rating (CFR) to B1 from Ba3 for the company’s proposed refinancing of existing credit facilities.

Under Armour And Nike Sales Decline At Dick’s In 2017

Apparently due to the company’s rapidly-expanding private label business, Dick’s Sporting Goods sold less of both Nike and Under Armour product in 2017 versus the prior year, according to the retailer’s just-released annual 10K report.

Sellmark Corp. Announces Promotions

Sellmark Corporation promoted Jeff Murray to executive vice president of sales and Carl Stout to territory team senior sales manager.

DC Shoes Appoints VP Of Footwear

Southern California-based lifestyle and skate brand DC Shoes Inc. announced the appointment of Cory Long as vice president of footwear.

China Hits U.S. With Food Tariffs

China raised import duties on a $3 billion list of U.S. pork, apples and other products Monday in retaliation for the Trump Administration’s tariffs on steel and aluminum.

REI To Sponsor Dirt Fest Pennsylvania

Rotating Mass Media announced REI as a sponsor of Dirt Rag Dirt Fest Pennsylvania 2018. This partnership highlights the continuing convergence of the cycling and outdoor industries.

Tender Corporation Recognized By The American Red Cross

Tender Corporation, a manufacturer of insect repellents and bite treatments, has been formally recognized by the American Red Cross for the company’s support of relief efforts following one of the most destructive hurricanes ever to strike Puerto Rico.

Patagonia Blog Entry Rails Against National Monument Reductions

In a scathing blog entry on the company’s website entitled “The President Stole Your Land and You Were Lied To,” Patagonia called the president’s reductions of the Bears Ears and Grand Staircase-Escalante National Monuments “nothing more than a political favor.”