November 02, 2020 Dorel to Go Private Backed by Cerberus
The bike, home goods and juvenile furniture maker has offered shareholders $14.50 per share valuing the company at about $450 million in a deal backed by private equity group Cerberus. JCPenney Settlement Paves Way for Ch. 11 Exit
The retailer is steps closer to emerging from bankruptcy ahead of the crucial Holiday season with agreements and settlements on its two-pronged sale effort to shore up confidence from its vendors. Report: Sneaker Sales Bounced Back in September
Following a high-single-digit decline in Jul. and a high-teens drop in Aug., athletic footwear sales expanded mid-teens in Sep., NPD Group reported, though it attributed much of the difference to this year’s flatter and longer Back-to-School season. Callaway-Topgolf Merger Draws Ratings Agency Scrutiny
Both Moody’s and Standard & Poor’s warned that the post-deal debt levels and lack of any meaningful earnings from Topgolf would significantly raise ELY’s leverage going forward, and add the risk of a business that is especially vulnerable in a pandemic. Etcetera: Nike, Genesco, VF Corp., Yeti, SHOT Show, Camber Outdoors, Bass Pro Shops
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