January 30, 2019 Academy Downgraded by Moody’s Again
The ratings agency lowered the rating on Academy’s senior secured term loan to Caa2 from Caa1 just four months after lowering it from B3, and changed the company’s ratings outlook to negative from stable. Descente Nine-Month Net Drops on 2% Higher Sales
Comprehensive net income tumbled 76% to ¥1,264 million ($11.4 mm) from ¥5,205 million for the nine months ended Dec. 31, including a ¥2.2 billion negative swing in foreign exchange, on 2% higher revenues of ¥100,915 million ($913.8 mm) up from ¥98,898 million. Mike Jensen Named President of Reef
Charlesbank Capital Partners, which bought the beach footwear brand from VF Corp. last fall to add to The Rockport Group, tapped footwear industry veteran Mike Jensen to lead the brand. Garmin Wins IP Dispute with Philips
The chancery division of England’s High Court ruled that most of the claims of Philips’ “athlete’s GPS-based performance monitor” patent were invalid as obvious, World IP Review reported. Sportspower Sues Crowntec Fitness over Trampolines
Hong Kong-based Sportspower is suing Taiwanese Crowntec in E. TX District Court, claiming that the defendant’s Jump Power trampolines are infringing on its patented design and JumpPower mark. Oakley Sues Slam Sports over Counterfeits
Oakley is suing FL-based Slam Sports for selling $25 sunglasses that use its stylized “O” trademark on the retailer’s Facebook page, which has since been taken down. Etcetera: Smartwool, Vibram, Fenix
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