The U.K. retailer set to purchase the assets of EMS parent Mountain Sports LLC returned to profitability for fiscal ’24, closing out the year ended Feb. 29 with a 4% top line gain to £386 million while inking pre-tax profits of £26.2 million over a £1.5 million loss prior due to pandemic-related costs.

The ratings agency affirmed WWW’s B issuer credit rating, as it expects improving operating performance and deleveraging in the second half, particularly in Q4, and forecasts adjusted leverage to improve to mid-6x by the end of the year.

KKR completed its previously announced acquisition of the Varsity Spirit and BSN Sports parent, reported by Reuters to be worth $4.75 billion, though terms of the transaction were not disclosed.

The Hong Kong-based manufacturers both issued warnings for the period ended June 30, with Mainland’s profits set to decline, and Kingmaker’s revenues below last year’s level.

The maker of natural latex and rubber alternatives has launched of Yulex2.0, a high-performance natural rubber material targeted at the sportswear and watersports industries.