September 06, 2022
The music mogul spent Labor Day weekend on Instagram firing volleys at The Big a’s management and threatening legal action to break out of his contract over alleged design theft.
The seven-year-old U.K. sportswear brand reported that it has raised an additional £50 million ($63 mm) in new funding, as well as an existing £25 million revolving credit facility secured in March, valuing the company at £750 million ($942 mm).
Imperial Headwear has acquired belt maker J.T. Spencer, the licensee of Peter Millar belts and operator of Millar’s custom logo green grass belt program, for undisclosed terms.
The ratings agency lowered New Era’s issuer credit rating to B from B+ and the rating on its first-lien term loan due in 2027 to B+ from BB-, following the issuance of new preferred stock to PE firm ACON Investments.
Following last week’s proxy challenge by Ammo director, largest shareholder and chief strategy officer, Steven Urvan, the company announced that it has placed Urvan and GunBroker CFO Susan Lokey on administrative leave.
Coming after last week’s news of Parallax Volatility Advisers acquiring more than 5% of CLAR shares without approval of the board, the Black Diamond parent now says that Caption Management, LLC has also taken a stake that would trigger its poison pill.