Net loss in the final quarter was $8,723,000, pulled down by a non-cash $10.1 million tax asset valuation allowance, compared to a loss of $8,739,000 last year, as revenues slipped 8% to $340,398,000 from $370,394,000.

The Swiss running brand will transition to a single CEO structure under current Co-CEO and CFO Martin Hoffmann, effective July 1, as Co-CEO Marc Maurer has decided to step down after 12 years with the company.

Big Foot’s issuer credit rating and rating on its senior unsecured notes were lowered to BB- from BB by the ratings agency due to continued pressure on EBITDA margins caused by promotions and a weak consumer environment.

Fila shareholders have approved the corporate name change to Misto Holdings at the company’s general meeting that was held on Mar. 31.

The luxury skiwear brand closed a private placement amounting to $6.4 million, or 1,723,989 shares, of its newly created 12% Series AA Convertible Preferred Stock.