April 24, 2017
The UT-chain, which we reported several weeks ago was a potential acquirer for Gander as a going concern, is considering a bid that would keep as much as 80% of the bankrupt chain open, according to a report in Bloomberg.
While affirming Academy’s corporate debt rating at B2, the ratings agency lowered the outlook on $1.825 billion in senior secured term loan debt to negative from stable, citing a low-single-digit decline in 2016 comp store sales that was accompanied by a 23% shortfall in adjusted EBITDA.
Siemens will create a digital, simulated Speedfactory which it will use to help the Big a refine and improve its manufacturing techniques at its current and future smart factories.
The U.S. Senate and House of Representatives now have bipartisan caucuses dedicated to the outdoor recreation industry.
Icon Health & Fitness sued IFIT Personal Training for using its federally registered trademark.