July 19, 2021
Shenzhou International is the latest Nike and Adidas contractor curtailing operations in its Vietnamese factories due to rising Covid-19 cases in that important sourcing country.
Compass Diversified will receive about $147.5 million in cash for the gun safe maker, booking a gain of $75 to $85 million, depending on adjustments for working capital and cash and debt balances.
The ratings agency raised VSTO’s corporate family rating to Ba3 from B1 and upgraded its senior unsecured notes rating to B1 from B2, assigning a stable outlook to the company.
The Chinese footwear manufacturer said sales hit $383.9 million in the June quarter, up from $247.8 million last year, including a 54% gain in pairs to 14.5 million and ASP that inched up less than a percent to $26.50 per pair.
The PE-backed, multi-brand sporting goods company added outdoor gear brand Klymit to its portfolio, and its president and CEO, Cory Tholl will join MPG, reporting to recently hired CEO, Keith Bornholtz.
The Big Cat appointed Richard Teyssier to succeed Arne Freundt as general manager for Europe, and he will report to Freundt, now chief commercial officer, in his new role.
Adjusted sales for sporting goods/hobby/book and music stores were up 10% in June to $9,421 million from $8,552 million, lapping last year’s 21% rise as consumer demand was unleashed after lockdowns.
Sony Music has filed suit against the British active apparel company in
PXG is suing Southern California Design Company d/b/a Indi Golf in So. CA federal court for infringing on four of its patents that cover putter head and face designs.