September 29, 2020
The Japanese retailer swung to a ¥789 million ($7.3 mm) loss in the fiscal year ended Aug. 31 from a profit of ¥587 million in the prior year, on a 13% falloff in revenue to ¥57,721 million ($534.5 mm) from ¥66,560 million.
The proceeds of the offering may be used by The Big a to finance sustainable projects, including investments in renewable energy production and energy-efficient buildings, purchases of recycled materials, and other environmentally conscious initiatives.
The ratings agency upgraded Topgolf’s corporate family rating to Caa1 from Caa2 and changed its outlook from negative to stable, after the indoor golf venue raised $100 million in new preferred equity with a commitment for another $80 million by the end of the year.
Google in on track to win the European Commission’s approval to acquire the fitness band maker, after making additional concessions to privacy concerns, Reuters reported, citing an inside source.