July 08, 2021
Anta’s momentum continued into the second quarter, though Fila, Descente, Kolon Sport, and its other brands decelerated somewhat from Q1’s easy comparisons against 2020’s pandemic impact.
The TX Supreme Court threw out several lawsuits brought by victims of the Sunderland Springs church shooting, which accused ASO of negligence for selling the shooter a Ruger AR-556 MSR used in the crime.
Legion Partners received a third party recommendation in its proxy war with Genesco when Glass Lewis endorsed the investment firm’s director nominees Dawn H. Robertson and Hobart P. Sichel.
Net income was ¥1,286 million ($12.1 mm) for the nine months ended May 31, against a loss of ¥1,095 million last year, on 15% higher revenues of ¥47,202 million ($445.7 mm) from ¥41,048 million.
Sales at HELE’s Houseware segment, which includes Hydro Flask, posted revenue up 38% to $193,644,000 in the fiscal first quarter ended May 31, over the prior year’s $140,628,000.
The ratings agency put ABG on “CreditWatch Positive,” citing its impending IPO and the expectation that some of the proceeds will go to pay down its $1.8 billion in debt, which could reduce leverage from the current 4.8x level.
The Big Cat has filed suit in No. Illinois federal court against Zurich American Insurance Company, which is based in that state, over failure to pay out on pandemic-related losses on policy that covered July 1, 2019 through July 1, 2020.
Michael Avenatti was sentenced to serve 2.5 years in prison for trying to extort $25 million from the Eager Beavertons, in exchange for not exposing alleged payments to athletes and coaches.
The clogmaker’s June complaint has resulted in the International Trade Commission opening a section 337 investigation into 23 companies accused of importing footwear that infringes on its trademarks.