Hefty Impairment Charge Impacts Solo Brands
Quarterly results at the parent of six lifestyle brands, including Solo Stove and Oru Kayak, were negatively impacted by an $83.6 million charge related to restructuring, contract termination, and impairment costs. The charge was related to consolidating its Oru and Isle management structure, $43.2 million of costs related to the IcyBreeze portable cooler segment, and $14.8 million in contract terminations. The Q3 net loss attributable to shareholders was $69,864,000 against ... Log in to view full article.