January 24, 2024 Puma 2023 Net Declines on Q4 Argentina Charge
The Big Cat said rapid devaluation of the Argentine peso torpedoed its final quarter, resulting in full-year revenues of about €8,602 million ($9,299 mm), up just 2% on a reported basis and 7% higher constant currency, against guidance for high-single-digit growth. Gildan Board Says Timeline Supports its Choices
The board of directors issued an extensive timeline of its side of the Glenn Chamandy ouster controversy on Wednesday, filling in color on the previously alluded to succession plan started in Dec. ’21. Amer Sports Under Review for Upgrade, Moody’s Says
Amer Sports credit profile will significantly improve post-IPO, the ratings agency believes, from a combination of debt repayment with the proceeds and a concurrent refinancing of other loans. Under Armour and Celanese Develop New Fabric
Celanese and Under Armour are collaborating to introduce a performance stretch fabric named Neolast, as an alternative to elastane (spandex). PRG Acquires its U.S. Distributor
The bespoke golf accessories supplier has acquired the U.S. distribution rights from its long-time distributor, PRG Americas, and plans to expand its footprint here by adding additional resources and increasing its U.S. sales team. Escalade Promotes Three to President Role
ESCA elevated three general managers to presidents of their respective units, naming Ben Tremont, president Escalade Sports Group, where he’ll lead the combined Team Sports, Rec Sports, RAVE, and Licensed Games organization.
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