January 24, 2024
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.
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 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.
Celanese and Under Armour are collaborating to introduce a performance stretch fabric named Neolast, as an alternative to elastane (spandex).
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.
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.