adidas AG announced this week that it had completed a € 400 million convertible bond, issuing 15,684,274 new shares in exchange for the debt.
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Troubled small business lender CIT, upon whom much of the industry relies, announced a restructuring plan yesterday designed to keep the company out of bankruptcy by trimming $5.7 billion off its debts.
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Vail Resorts, Inc. reports results for the fiscal year ended July 31, 2009.
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Amer Sports, parent company of Salomon, announced that it is revising its 2009 earning estimates downwards and is considering the sale of its cycling business Mavic.
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Cost reduction and restructuring efforts deemed a success as second half results improve.
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CIT Group Inc., the financial company whose loans fuel over one million small and middle market businesses, announced yesterday the expiration and successful completion of a $1 billion tender offer designed to help keep the company from being forced into bankruptcy.
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Slow winter sports sales during a warm January contribute to slumping sales.
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VF Corp has seen the company’s US markets “stabilize” and says the company has compiled a war chest for acquisitions and is actively pursuing opportunities, especially in action sports.
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Foot Locker CEO: “Action sports is a very fast-growing business. We made that acquisition because we wanted to be in it quickly.”
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PacSun beats earning guidance despite posting declining same-store sales of 18% percent for the first quarter and a loss of $8.7 million.
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