May 30, 2017
The 25-year veteran of the brand had most recently been head of the Western Europe region, which was Reebok’s fastest growing territory. Prior he had run the training business worldwide.
The ratings agency issued a Ba3 rating from a Ba2 rating for VSTO, citing the company’s weak operating performance and deteriorating credit metrics. Moody’s added that it expects these conditions to continue for an “extended period” and its outlook on the firm remains negative.
A PA federal court issued a scheduling order to allow the claims against Riddell to move forward, even as the settlement of the claims by the players against the NFL have concluded with higher courts declining to intervene in the settlement.
The name change was announced in a message from Camping World CEO Marcus Lemonis explaining the takeover and reiterating the intention to keep open 70 or more stores as part of the go forward plan.
Net income was ¥602 million ($5.4 mm) compared to a loss of ¥864 million for the three months ended Mar. 31 as sales were essentially flat at ¥16,889 million ($151.7 mm) compared to ¥16,860 million.