October 14, 2020
The action sports company, controlling shareholder Oaktree Capital, and a group of lenders who participated in its recent debt issuance, are being sued in NY State Supreme Court by non-participating lenders who saw their holdings subordinated in the deal.
The three major brands—Vans, The North Face and Timberland—will now have global leaders reporting directly to CEO Steve Rendle.
The beleaguered retailer has confirmed a new slate of store closures as it navigates increasingly murky waters of bankruptcy proceedings, and its deal to be acquired by mall owners faces a new challenge.
Outdoor Retailer Winter Online will replace the in-person show that was originally scheduled for Jan. 27-29, 2021, at the Colorado Convention Center in Denver.
Completing its pivot to focus strictly on the home market, NLS has divested its commercial Octane Fitness business to exercise equipment maker TRUE Fitness Technology for $25.0 million.
The bankrupt Canadian retailer, which recently received court approval to be acquired by an American PE firm, now says it will close just one of its 22 locations, according to CityNews.