January 19, 2024
Just when the commercial world thought it was safe to go back in the water, 2024 brought spiking container prices stemming from Houthi rebel attacks in the Red Sea, causing up to 600% increases in North Asia to Europe 40-ft. container prices since Oct.
The clogmaker scored an upgraded outlook from Moody’s, which also affirmed a Ba3 corporate family rating, Ba2 rating on its senior secured first lien term loan, and B2 rating on its senior unsecured global notes.
In an update to its earlier SEC filing, the Vans and North Face parent revealed that the cyberattack on Dec. 13 that encrypted some of its IT systems, stole data of 35.5 million of its customers.
Revenues at Kappa and Kappa Kids stores in China recorded a mid 40% to 50% increase in China Dongxiang’s fiscal third quarter ended Dec. 31., and year-to-date sales improved by a low 20% to 30%.
The golf micro-brand, which has collaborated with Jordan Brand in the past, closed a $3.4 million seed round led by EP Golf Ventures, a partnership between PGA of America and venture capital investment firm Elysian Park Ventures.
The boxing fitness equipment design and manufacturing company inked an agreement to acquire Aqua Training Bag for undisclosed terms.