January 27, 2021 VF Corp. Makes Progress in Q3, Ups Full-year Guidance
Net income dropped 25% to $347,240,000 in the fiscal third quarter ended Dec.31 from $465,003,000 last year, comping the final period unaffected by the coronavirus, on revenues that slipped 6% to $2,971,541,000 from $3,155,723,000 and would have been down 8% constant currency. Nike Appeal Denied in Fleet Feet Suit
The Eager Beavertons lost their appeal to the Fourth Circuit of the preliminary injunction granted by a NC district court judge over a year ago that prevented them from using “Sport Changes Everything” in an ad campaign. Japan Says Olympics Depend on Biden’s Help
Japan’s Olympic organizing committee reacted to news earlier this week that its government was considering cancelling the event by asking for help from the new president, the Wall Street Journal reported. Dorel Gets €46.8 Million Tax Bill in Luxembourg
The parent of Cannondale, Schwinn and other bike brands sees the Luxembourg Administrative Tribunal rule that it has a huge tax liability related to its 2015 reorganization that involves an asset transfer. Belk Downgraded by Standard & Poor’s after Restructuring Deal
The ratings agency lowered Belk’s issuer credit rating and issue-level rating on its first-lien term loan to CC from CCC, saying that it views owner Sycamore Partners’ deal with lenders as tantamount to a default. Etcetera: Decathlon, Arc’teryx, REI, Huk
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