May 11, 2021
Champion will account for about $1 billion in incremental sales over the next three years, and innerwear will contribute another $200 million, driving the top line to about $7.4 billion by 2024, according to the Full Potential roadmap set out by CEO Steve Bratspies, who took the HBI helm last summer.
KPS Capital Partners, which acquired the TaylorMade from Adidas in 2017, is receiving KRW 1.8 trillion ($1.6 billion) for the brand from Centroid Investment Partners, a Seoul, Korea-based private equity firm, according to The Korea Economic Daily.
Standard & Poor’s said Under Dog’s outlook is stable, an upgrade from the previous negative outlook based on the company’s improving financials, while maintaining its BB issuer credit rating.
First quarter sales at the parent company of Havaianas and Osklen increased 33% to BRL 901.3 million ($165.5 mm), posting its best first quarter in a decade as growth accelerated both domestically and abroad following the continued easing of Covid-19 lockdown measures.
Texas bankruptcy court judge Harlin Hale has thrown out the National Rifle Association’s Ch. 11 filing in the state, saying it acted in bad faith to avoid a NY lawsuit accusing top officials of corruption.
Wilmington Trust, the administrative agent for SQBG’s lenders, extended its waiver of existing defaults under the company’s credit agreement through June 7.