May 17, 2018
Hicks led Foot Locker’s turnaround after the recession, joining the retailer in 2009 and executing an aggressive five-year plan that ultimately sent the top line to over $6 billion and the share price up 600% after closing unprofitable stores and trimming expenses.
Following approval of its $775 million debt for equity swap just two months after entering Chapter 11, a DE court approved the company’s emergence but the exact formulation of the company remains unclear still because at least some of the investors who are now owners are wary of remaining in the gun business in the current political climate.
ManU eked out a £108,000 ($150k) profit in the third fiscal quarter ended Mar. 31 against a loss of £3,769,000 as total revenue expanded 8% to £137,469,000 ($191.2 mm) from £127,197,000.
Comprehensive net loss narrowed to NT 73,417,000 ($2.4 mm) from a loss of $599,163,000 in the first quarter, helped by a NT 769 million positive swing in revaluation of foreign operations as revenues climbed 1% to NT 4,485,215,000 ($148.0 mm) from $4,439,534,000.
A ¥2 billion positive swing in comprehensive items contributed to a 120% bottom line improvement to ¥6,823 million ($60.8 mm) from ¥3,095 million in the fiscal year ended Mar. 31, on 16% higher revenues of ¥70,420 million ($627.8 mm) vs. ¥60,903 million.
ESCA sold its 50% equity share in Stiga Sports Group AB to a Swedish private investor, and will license back the Stiga brand for table tennis tables and accessories in North America.
Fjord, a 40-year-old contract apparel manufacturer based in Woodburn, OR, makes on-field uniforms and gear for customers including the NFL and college teams.
Backcountry.com, Prana, CampSaver, Zappos and a dozen other outdoor and winter apparel companies were also named in the suit, which accuses them of copying French Knot’s copyrighted Cozy Ivy knit hat design.