March 06, 2023
Authentic Brands Group’s likely acquisition of the Quiksilver and Billabong parent could value the company at as much as $1.3 billion, Bloomberg first reported, citing a source familiar with the matter.
MODG plans to issue a new, $1.1 billion secured term loan facility with a seven-year term to refinance two separate Callaway and Topgolf International term loans, along with other revolving credit facility outstanding balances from both pre-merger companies.
The sporting goods retailer and its online component, The-House, are being liquidated by parent CWH, which will take $11 to $16 million in impairment charges for the subsidiary’s long-lived assets.
The outdoor co-op’s Orange Place store in Beachwood, OH, will become its third to unionize, with 27 employees voting for and 12 votes against joining the Retail, Wholesale and Department Store Union.
The Canadian retail company will launch its third national banner starting with three locations opening in May and July in Alberta and Ontario, with plans to expand to 25 stores across the country.
The footwear and fashion retailer will add Half-Moon Outfitters to its portfolio, expanding into the outdoor apparel and equipment market.
TRX filed suit in MN district court against Torque for infringing on various suspension trainer patents and marks with its Black Pro Suspension Straps and Blue Pro Suspension Straps.