May 05, 2017
WSFS, the term loan banker, asked the DE bankruptcy court to enforce a June 30, 2016 agreement with vendors that have not paid amounts it claims are due under the terms of the settlement, and to sanction any vendors that did not comply with the order it is asking the court to enter.
Riding strong fishing technologies, Johnson Outdoors reported a 50% increase in net income to $13,959,000 compared to $9,321,000 for the second quarter ended Mar. 31 as sales rose 12% to $149,807,000 compared to $134,192,000.
Operating income rose 93% to $10,114,000 from $5,254,000 on a 1% sales decline to $214,016,000 compared to $216,497,000.
The sneaker startup got the Series B funding from JH Partners along with existing partners Resolute Ventures, ex-NFLer Adrian Wilson and Eric Zinterhoffer of Searchlight Capital.