January 16, 2020
The controversial marathon racing flats that have been worn in a number of high profile records recently are likely to be subject to new regulations by World Athletics on the thickness of soles and the use of carbon plates in competition, according to numerous reports.
The company made the move because of “conduct inconsistent with a non-financial company policy” but didn’t elaborate further.
The footwear maker’s manufacturing revenue in the final quarter was down 9% to $339.9 million from $374.3 million as it lapped an exceptionally strong Q4 last year and is currently prioritizing margin improvement over revenue growth.
Michael Avenatti is currently being transported to New York City from Los Angeles, but his trial on charges that he tried to extort millions of dollars from Nike will not begin on Jan. 21 as scheduled.
Adjusted sales for sporting goods/hobby/book and music stores increased 2% in 2019’s final month to $6,403 million from $6,292 million, according to Commerce Dept. data, the fifth straight month of year-over-year improvement.
Walther VP of sales and marketing Bret Vorhees was named as the new CEO of Taurus Holdings, including the Taurus USA, Rossi and Heritage Manufacturing businesses.
The ratings agency upgraded CODI’s corporate family rating to Ba3 from B1 and probability of default rating to Ba3-PD from B1-PD citing its strengthened balance sheet.