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July 08, 2025 Budget Bill Saves Public Lands, Cuts NFA Excise Tax, and Skips PHIT
The passage of the Big Beautiful Bill presented a mixed bag for industry initiatives, easing concerns on public land sales while failing to institute the long-championed PHIT Act and setting a new course on certain firearms restrictions. Le Coq Sportif Acquired Out of Bankruptcy
The 143-year-old French sportswear company was awarded to a consortium led by Franco-Swiss businessman Dan Mamane, which has committed to invest €70 million in Le Coq. Kingmaker Swings to Loss as Costs Rise
The Chinese footwear manufacturer for Wolverine Worldwide and other brands posted a loss attributable to shareholders of HK$33,890,000 ($4.4 mm) in the fiscal year ended Mar. 31 against a HK$20,221,000 profit, as revenues slipped 9% to HK$625,876,000 ($81.3 mm) from HK$689,269,000. Moody’s Upgrades Varsity Brands
The ratings agency upgraded the BSN Sports and Varsity Spirit parent’s corporate family rating and senior secured first lien term loan to B2 from B3, with a stable outlook. Caleres Amends and Extends Credit Agreement
CAL has amended its credit agreement, extending its senior secured asset-based revolving credit facility through June 2030. Archery Makers Face More MAP Suits
Two separate proposed class actions were filed in MN district court, accusing the Archery Trade Association and several archery equipment manufacturers, distributors, and retailers—including Dick’s SG and Bass Pro—of price fixing. Etcetera: Wolverine, Rack Room Shoes, Snyder Golf, Mountain High Outfitters, L.L. Bean, NSSF
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