March 06, 2018 The Walking Company Files for Bankruptcy
The comfort footwear retailer blamed soft mall store sales during a difficult Holiday season and the loss of Deckers as a vendor as the catalysts for the prepackaged Ch. 11 filing that has already lined up $10 million in equity commitments from shareholders as well as $57.25 million of DIP financing. Dick’s, Walmart Sued over Minimum Age to Buy Firearms
Tyler Watson, a 20-year-old Oregon resident, filed two separate lawsuits against the retailers after clerks at the Medford Field & Stream and Grants Pass Walmart stores refused to sell him a rifle because of his age. Moody’s Weighs in on Boardriders’ Acquisition of Billabong
The ratings agency gave a B3, or highly speculative, rating to Boardriders’ $450 million senior secured term loan due in 2024 with which it is financing the A$380 million ($292 mm) BBG buyout and paying down other debt. VF Corp. Names Chief Digital Officer
Velia Carboni was appointed to the newly created position on the company’s senior leadership team reporting directly to Steve Rendle. Cascade Designs Founder John Burroughs Retires
He will step down from his current role as chairman of the outdoor equipment company after leading it for 46 years, as part of a planned transition that will see his son David, currently president, take over as chairman. Etcetera: Wolverine, Gander Outdoors
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