September 22, 2020
The Eager Beavertons not only returned to the black in its fiscal first quarter ended Aug. 31 following its nine-digit FQ4 loss, but net income even surpassed last year’s result by 11% to $1,518 million up from $1,367 million, on revenues that declined less than 1% to $10,594 million from $10,660 million.
Unsecured creditors, whose claims total about $100 million and include both vendors and landlords, will recover less than 1% of what is owed to them, according to the disclosure statement filed with the liquidation plan.
CODI will add Boa Technology to its portfolio of brands for a purchase price of $454 million, or a 15x multiple of the company’s EBITDA of about $30 million, which it generated on more than $100 million in revenue.
Amazon has apparently pulled the Peloton competitor’s EX-Prime Smart Connect Bike, or Prime Bike for short, Bloomberg reported, after multiple sources reported that a similar model was already being sold through Walmart less the catchy name.
Sumitomo Rubber-owned Dunlop will distribute the tennis ball launcher in the key markets of France and Germany, as well as in Austria, Belgium, Italy, Luxembourg Portugal, Netherlands, and Spain.
China Dongxiang has agreed to sell the rights to the Kappa brand in Japan for $13 million, and will focus on Mainland China and Macao, where it will continue as the Kappa brand’s owner.
DKS appointed WeWork CEO Sandeep Mathrani and SVP and General Counsel of Boston Scientific Desiree Ralls-Morrison to its board of directors.
A DE federal court judge awarded New Balance $504,000 in statutory damages from USA New Bunren International Co. Limited, a subsidiary of Chinese shoe company Qierte Corp. that was selling shoes in the U.S. blazoned with NB’s distinctive N logo.
DECK’s attorneys filed five separate lawsuits in central CA federal court targeting seven named defendants for infringing on its Sanuk Yoga Sling and Ugg Fluff Yeah trade dress, designs and patents.