March 08, 2023
In his first earnings call with The Big a, new CEO Bjørn Gulden said that 2023 will be a year to clean up “old mess”, focusing on reducing inventories without radical discounting, and resetting the business for a return to profitable growth in 2024 and beyond.
Puma promoted the 19-year company veteran from his current position as global director of go-to-market to lead the Big Cat’s largest division.
The snowboard equipment and apparel maker appointed Tanner Bell as CEO and he will also become an owner of the company, joining Sam Bawden, Bjorn Leines, and the Green Collective.
The indoor cycling training app maker is cutting another 80 employees, about 15% of its workforce, according to multiple sources, as it pivots to prioritize hardware and software product development over marketing.
Next Level parent, YS Garments LLC, which is owned by Blue Point Capital Partners, saw S&P Global lower its issuer credit rating to B- from B, with a negative outlook, after the company underperformed in 2022.
The Brazilian footwear and apparel group said that Carlos Roberto Wizard Martins missed the first installment payment of BRL 89.7 million ($17.5 mm) from his purchase of equity in Alpargatas S.A.I.C., which controls the Topper sportswear brand.
Vista Outdoor’s Remington Ammunition is voluntarily recalling lot codes L05ZC527, L05ZB527, L06ZB527, and L06ZC527 of 12 gauge, 2-3/4” Premier AccuTip Slugs, as they may contain shells with an incorrect propellant.