June 23, 2021
A huge gain in investment income powered the Chinese sportswear maker to an RMB 1,810,545,000 ($262.4 mm) profit for the fiscal year ended Mar. 31, up fivefold from RMB 366,333,000 last year, on a 28% increase in revenues to RMB 1,969,607,000 ($285.5 mm) from RMB 1,540,813,000.
Saysh is the name of veteran sprinter Allyson Felix’ footwear venture, and she wore a spike version of its first shoe, the Saysh One, at the Olympic trials where she qualified for the 400 meters.
The next step in WWW’s succession plan will see Hoffman, currently president and a member of the company’s board, become CEO at the end of the year.
Moody’s raised the collectibles company’s corporate family rating to B1 from B2 and assigned a B1 rating to its proposed senior secured first lien credit facilities—a $50 million first lien revolver due 2026 and a $200 million first lien term loan due 2028.