Kohl’s Debt Ratings Lowered
Moody’s Investors Service downgraded the debt ratings on Kohl’s due to an erosion of its market position and the deterioration in credit metrics to levels not reflective of an investment grade rating.
Outdoor Cap Names Head Of Product
Peter Cohen has joined the Outdoor Cap’s executive team as head of product.
Mountain High, Dodge Ridge Owners Purchase China Peak Mountain Resort
Mountain High and Dodge Ridge owners, Invision Capital and Karl Kapuscinski purchased China Peak Mountain Resort in Lakeshore, CA from long-time owner Tim Cohee, a ski industry veteran who’s spent the past 12 years at the helm of China Peak. Cohee will stay on as the resort’s general manager.
Yue Yuen’s Sales Dip 2.8 Percent In November
Yue Yuen reported consolidated operating revenue in November reached $657.5 million, representing a decline of 2.8 percent year over year. Sales grew 6.1 percent at Yue Yuen’s Manufacturing Business segment and fell 17.8 percent at Pou Sheng, Yue Yuen’s retail subsidiary in China.
Hyosung Textiles Hires Global Marketing Director
Hyosung, a textile solution and spandex brand provider, hired Simon Whitmarsh-Knight as textile global marketing director
Planet Fitness Names President And COO
Planet Fitness, Inc. hired Edward Hymes as president and chief operating officer, reporting to CEO Chris Rondeau.
Newell Brands Finalizes CFO Transition
Newell Brands hired Mark Erceg as CFO, effective January 9, 2023. He succeeds Chris Peterson who transitions into his role as president, reporting to Ravi Saligram, CEO.
RYU Board Member Resigns
RYU Apparel, Inc. informed its shareholders that Roger Edwards, the company’s director, had resigned, effective immediately.
Precor Undergoes Leadership Changes In Peloton Realignment
Precor reported it was repositioned as a wholly-owned subsidiary under Peloton, led by Dustin Grosz, the fitness equipment maker’s interim CEO. As part of the transition, Betsy Webb will step down as vice president of Peloton Commercial, which had supported the Precor subsidiary, effective January 6, 2023.
Fenix Outdoor To Divest Primus Brand
Fenix Outdoor AB agreed to divest Primus AB and its subsidiary, Primus Eesti Ou, to Silva Sweden AB, at closing in Spring 2023.
Lids Opens Lids Hat Drop Concept Store
Lids opened a retail concept store, Lids Hat Drop, an iteration of the LidsHatDrop.com platform launched earlier this year, in Jamaica, Queens, NY.
Equinox Holdings’ Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings of Equinox Holdings Inc. over concerns the fitness chain operator will face challenges meeting commitments under its $76 million revolving credit facility due March 2023.
Under Armour Partners With XFL
Under Armour and the XFL reported it entered into a partnership. Under the terms of the agreement, UA becomes its “official” uniform provider beginning with the 2023 XFL season for all on-field play, including jerseys, base layers, sideline, and training apparel.
Ohio Travel Bag Acquired By Blue Point Capital Partners
Blue Point Capital Partners and its portfolio company, Weaver Leather (“Weaver”), acquired Ohio Travel Bag (OTB), a distributor of specialty hardware, fittings and supplies used in various industries, including leather goods, pet, equine, handbags, trunks, and crafts.
Southwick Associates Forecasts 2023 Firearms Industry Outlook
Southwick Associates in its 2023 Industry Outlook forecasted firearms and accessories sales to be near 2017 levels in 2023.
