May 16, 2018
The bankrupt shoe brand said that it expects the Charlesbank stalking horse bid to exclude its 60 North American stores and asked the Court to consider its Store Closing Sale Motion to quickly conduct GOB sales once the 25-day no liquidation period expires.
Net income at the bike maker was halved to NT 257,872,000 ($8.8 mm) from NT 516,313,000 in the first quarter on sales that grew 3% to NT 13,974,326,000 ($475.1 mm) from NT 13,552,441,000 boosted by a 30% jump in high-end electric bicycle sales.
Under Dog is being sued in CA Central District Court by lead plaintiff Rebecca Murray in a proposed class action over the hacking of MyFitnessPal user information that the company revealed in Mar.
Shareholders in the luxury conglomerate received one Puma share for every 12 Kering shares owned as the distribution-in-kind closed today.
She will be tasked with turning around the Wolverine Worldwide-owned running brand that has seen sales decline in recent quarters as it’s struggled with delivery and quality control issues.
Michael Rubin was named as one of the suitors for the Carolina Panthers, which was recently sold to hedge fund billionaire David Tepper for $2.2 billion.
Adjusted sales for sporting goods/hobby/book and music stores declined 1% to $7,078 million last month from $7,158 million in Apr. 2017, according to Commerce Dept. data.
Ortovox is recalling all 3+ model transceivers running software version 2.1 because a software error can cause a disruption of the transmission function.