September 27, 2019
The ratings agency said that revenue and earnings weakness will reduce the pace at which the outdoor retailer can pay down debt, and it expects its adjusted debt/EBITDA to remain at 5.2x-5.5x through 2020.
Following Standard and Poor’s downgrade of VSTO last week, Moody’s has also cut the company’s corporate family rating to B2 from B1 due to its continued weak operating performance.
YUR, which makes virtual reality software that gamifies fitness, has received $1.1 million in a pre-seed funding round led by The Venture Reality Fund and BoostVC.
SKX is cutting the plastic in its footwear packaging by 85% to 10% of its foot forms, all of which is recyclable, as part of a sustainability push by the footwear brand.