April 06, 2017
The bankrupt chain successfully argued that its factory relationships are critical to its business model and, unless it was allowed to immediately pay them on outstanding invoices, the factories would refuse to ship critical Back-to-School merchandise, causing significant damage to the chain’s ability to emerge from Chpater 11 protection.
With the private sale of the assets to Sports Direct, the purchaser has decided to close 21 Bob’s stores and 27 Eastern Mountain Sports stores as part of the transaction.
GPRO is offering $175 million in principal amount of 3.50% convertible senior unsecured notes due in 2022 in a private placement, with part of the proceeds to be used to help the buyer short the company.
With Reebok set to move its 700-plus employees from the ‘burbs into Boston in Sep., Adidas has put the 65-acre Canton campus on the market.
National parks had 21,819,324 visitors in March, down 3% from 22,465,441 last year, while year-to-date visits rose 8% to 51,544,407.
Marin Mountain Bikes is recalling about 470 Pine Mountain model bicycles because their rigid front forks can bend or break during use or while jumping.
Xootr is recalling about 3,000 adult kick scooters with the QuickClick push-button latching mechanism because the steer support can break during normal use.