September 26, 2023
Better-than-expected results from Reebok, soaring margins and a $300 million debt retirement encouraged S&P Global to boosting its rating on Authentic Brands Group’s first-lien senior secured debt to BB- from B, on its second-lien senior secure debt to B- from CCC+.
SPWH appointed retail veteran Paul Stone as president, CEO and a member of the board, effective Nov. 1, succeeding chairman Joseph P. Schneider, who was serving in the roles on an interim basis since Apr.
The Japanese apparel company is selling the Le Coq Sportif trademark for Mainland China, to its consolidated subsidiary, Le Coq Sportif (Ningbo) Co., Ltd. for ¥4,900 million ($35.7 mm).
Surf Hardware International has relocated its global headquarters to Coffs Harbour, Australia and is now trading under the name Gowings Pacific Trader (GPT).
Acushnet Holdings intends to raise $350 million through an offering of senior notes due in 2028, with the proceeds used to repay existing borrowings under its secured revolving credit facility.
AOUT has reached a settlement with The Allen Company, which it accused earlier this year of infringing on several of its patents with multiple shooting accessories products.