April 12, 2019
Despite all the puts and takes of last year’s tax reform bill and ongoing restructuring charges, industry profits for the final quarter of 2018 were essentially unchanged at $1,735.3 million compared to $1,782.5 million as sales rose to $46,532.4 million from $43,234.1 million.
The ratings agency said the chain’s recent purchases of $89.1 million of its $1.8 billion in debt at a deep discount was considered a “distressed exchange” that harmed lenders to the extent that it was a limited default.
The Premier League club is in advanced negotiations with Nike over a long-term kit deal that would vault the Reds into the top tier of soccer sponsorships, ESPN FC reported.
Riddell is suing Brad Horstmann, a former sales representative for its KollegeTown Sports team dealer operation, and BSN Sports, alleging that Horstmann violated his non-competition agreement when he joined BSN.