June 10, 2019
One of the industry’s largest distributors of outdoor products filed for bankruptcy protection in Delaware listing estimated assets of $10-50 million and estimated liabilities of $100-500 million, and the initial petition forecast that there will be no distribution to unsecured creditors after administrative expenses who are owed an estimated $40.9 million.
Mexico has agreed to strengthen its Southern border against Central American immigrants and also agreed to allow migrants to the U.S. from Mexico to wait there while their cases were heard in the U.S.
Hanesbrands management mapped out its plans to grow the $1.36 billion U.S. and international Champion business in a round table discussion at the Stifel investor conference.
The ratings agency completed a periodic review of credit ratings of seven industry mainstays, but it did not take any action to revise those ratings up or down at this time.
The Big a will take the Spanish Football Federation (RFEF) to arbitration in an attempt to prevent it from exiting their long-running sponsorship.
Retailers are continuing to stock up in advance of the Administration’s threatened tariff expansions, but the NRF’s Global Port Tracker reduced its future estimates slightly from last month’s aggressive forecast.
Total sales were $911,859,000 last month, up 4% from $876,356,000 in May 2018, including an implied 1% decline in manufacturing revenue to $592,966,000 from $600,115,000.