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February 19, 2024 Fanatics’ Ratings Downgraded on Lower Apparel Demand
Fitch ratings dropped its long-term issuer default ratings for Fanatics Holdings and subsidiary Fanatics Collectibles from B+ to BB- while maintaining a BB+/RR1 for Collectibles’ senior secured credit facilities. Crocs Scores Upgrade from S&P Global
The clogmaker and Heydude parent’s issuer credit rating was elevated to BB from BB- based on its improving EBITDA and debt reduction efforts, which the ratings agency expects will reduce its adjusted leverage to the low-1x area in 2024. Winchester Parent Names New CEO
Olin Corporation appointed Kenneth Lane as its new president and CEO effective Mar. 18, 2024, succeeding the departing Scott Sutton, who will work with Lane to affect a smooth transition. Golf Participation up 9%, Boosted by a Younger and Diverse Audience
The number of total golfers playing on- and off-course grew 9% last year to 45.0 million from 41.1 million in 2022, while on-course participation grew 4% to 26.6 million from 25.6 million, according to National Golf Foundation research. Chase Gardaphe Acquires Romp Skis
The manufactured housing entrepreneur has inked an agreement to buy CO-based Romp Skis from founders, Morgan and Caleb Weinberg.
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