October 26, 2020
Motions by Munish Sood and Brian Bowen Sr. to dismiss cross claims that they defrauded Adidas were denied by the court, basically on the grounds that the veracity of the parties claims against each other were a matter for a jury to decide rather than by a judge at an early stage of the litigation.
Adidas, at #11, was the highest ranked sporting goods industry company to feature on the annual list, which market research firm Statista compiles for Forbes from a survey of 160,000 workers in 58 countries.
On the heels of announcements that Outdoor Retailer and the PGA Show are cancelling their in-person trade shows in favor of an online format, ISPO Munich organizer Messe München said that their show will also be held entirely online, from Feb. 1 - 5, 2021.
Confirming last week’s Moody’s report of its long-term debt refinancing, ASO is offering $400 million of 6.000% senior secured notes due in 2027 in a private offering.