June 25, 2019 S&P Reverses Academy Downgrade
As expected, the ratings agency upgraded Academy to CCC+ from SD (selective default), restoring the chain to its original rating after a downgrade triggered by its purchase of $89.1 million of its debt in April at a discount. Nike, Puma Vow to Fight Climate Change
The companies are signing on to the United Nations’ Fashion Industry Charter for Climate Action, which calls for a 30 percent reduction in aggregate greenhouse gas emissions by 2030 and a vision to achieve net-zero emissions by 2050. Columbia Testifies Against China Tariffs
Again supporting the goal of confronting China on IP protection, COLM contended that additional tariffs on an already heavily taxed category were the wrong tactic. Etcetera: Adidas, Under Armour
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