May 20, 2024 Gildan Activist Browning West Scores Glass Lewis, ISS Endorsements
The embattled apparel manufacturer and its activist investor cohort have been making their cases to shareholders in the final stretch before May 28’s annual meeting, reiterating many of the barbs that has characterized the months-long proxy battle, while the activist investors led by Browning West picked up several third-party wins in recent days. Johnson Health Tech Results Improve in Q1
The Taiwanese exercise equipment maker’s loss narrowed in the first quarter to TWD 137.9 million ($4.4 mm) from a loss of TWD 646.8 million, as sales rebounded 14% to TWD 8,026.2 million ($257.2 mm) from TWD 7,035.3 million. Adidas Shareholders Re-elect Chairman Thomas Rabe
At The Big a’s annual general meeting last week, shareholders re-elected Thomas Rabe as chairman for his fifth year in the role, despite opposition from Institutional Shareholder Services, a proxy advisory firm. Peloton Looks to Refinance Debt
The struggling connected fitness giant wants to sell $275.0 million of convertible senior notes due in 2029, and enter into a new $1.0 billion five-year term loan facility and a $100.0 million five-year revolving credit facility. Kona Bike Sold to Original Founders
Kent Outdoors has closed the deal to sell Kona Bikes to its original founders, Dan Gerhard and Jake Heilbron, for undisclosed terms. Sports Endeavors Buys NJ Soccer Team Dealer
The Seawall Capital backed parent of Soccer.com, WorldSoccerShop, and 431Sports has added soccer specialty retailer and team supplier, Ewing Sports. Patagonia Settles with Nordstrom
The outdoor brand has settled all trademark infringement claims against Nordstrom, according to a filing in CA district court asking the case be dismissed with prejudice. Etcetera: The North Face, Sierra, Rally House, SeaWide Marine, Royal Robbins, Delta Apparel
|