October 26, 2018
Net income inched up 2% to SEK 189 million ($21.1 mm) from SEK 185 million in the third quarter on revenues that were 13% higher at SEK 1,561 million ($174.5 mm) vs. SEK 1,385 million, but gained just 4% constant currency.
A federal bankruptcy court said it would approve Sears’ plan to close 142 stores and conduct GOB sales as part of its restructuring, but the broader issue of liquidity remains in doubt.
The ratings agency lowered CAL’s speculative-grade liquidity rating to SGL-3 from SGL-1, citing reduced availability of the company’s $600 million asset-backed revolver which it used to finance the $360 million acquisition of Vionic.
No doubt encouraged by a ruling earlier this month allowing a similar suit against Easton to proceed, Richard Sotelo is suing Rawlings in Central CA District Court for misrepresenting the weights of its baseball bats.
YETI’s IPO was well below the original expectations as the total number of shares offered on the NYSE was 16 million compared to the original 20 million and the price was lowered to $18 from an initial range of $19-21.
Summersalt, a direct-to-consumer swimwear maker which uses a patented fit recommendation system based on measurements and scans of women’s bodies, received the Series A round from a group led by Founders Fund.