September 06, 2023
The red ink kept flowing in Q2, with a net loss of $3,288,000 against a profit of $14,614,000 last year, on 12% lower revenues of $309,495,000 down from $351,021,000.
In its publicly filed Form 10 under the temporary name Outdoor Products Spinco, VSTO spelled out more of the operational and financial details of the planned Q4 outdoor business spinoff via a common stock distribution to stockholders.
Peloton laid out a game plan that includes rentals, refurbished hardware and varied content, which it hopes will pave the way to black ink some time next year, at the Goldman Sachs Communacopia & Technology Conference.
Following an impressive 2022 that saw revenues jump 22% to RMB 24.03 billion ($3.57 bb), The Anta Sports-controlled company had filed confidentially to offer between $1 and $3 billion of its equity in an IPO in the U.S., Bloomberg reported, citing sources familiar with the matter.
The parent company of BSN Sports and Varsity Spirit inked a definitive agreement to sell its Herff Jones graduation business to Atlas Holdings, including the scholastic and collegiate brand portfolio and manufacturing facilities.
The British industrial thread and global footwear component manufacturer has completed the sale of its low-margin European Zips business.
The Amer Sports-owned brand filed an opposition with the Trademark Trial and Appeal Board against Adidas’ trademark application for “Terrex” in connection with retail stores in the U.S.
A northern NY federal court judge removed claims of misrepresentation and fraud in a proposed class action against The Big a over allegedly selling fake jerseys branded as authentic, however, the case will move forward on deceptive practice and false advertising claims.