February 06, 2017
The new filing in DE bankruptcy court list $100 to $500 million in assets and liabilities and said funds will be available to unsecured creditors. It also specifies that U.K. sporting goods giant Sports Direct has agreed to submit a stalking horse bid for the company and to provide DIP financing, although the actual asset purchase agreement wasn’t filed yet.
The parent of Jarden said Outdoor Solutions had sales of $730.6 million and operating income of $53.4 million for the quarter ended Dec. 31, which represented a 3% revenue increase on a pro forma basis, excluding the results of the winter sports business which is being sold.
Delta lost $607,000 vs. a profit of $681,000 in its first fiscal quarter ended Dec. 31 as sales slipped 5% to $85,335,000 from $90,171,000 hurt by retailer destocking and the Sports Authority bankruptcy.
The former head of The North Face North America will become president of the Outdoor and Lifestyle division of WWW while Jim Zwiers will become EVP of the company.
Goldwin, which owns The North Face and other apparel brands for the Japanese market, saw comprehensive net income rise 13% to ¥1,513 million ($13.8 million) from ¥1,334 million in the fiscal third quarter ended Dec. 31.
Nike’s SVP for government and public affairs was elected to a three-year term, replacing Adidas general counsel Frank Dassler in the role.
Revolution Cycles, which operates four stores in the Washington, D.C. metro area, had been for sale for some time, Bicycle Retailer reported.
The Chinese retailer appointed Mr. Lee, Shao-Wu executive director and acting CEO.