Karmaloop Inc., a 15 year-old online retailer specializing in streetwear, action sports and music-inspired clothing for 18-35 year old males, has begun a formal restructuring and set a sales auction process. The restructuring and new ...
Tags: Karmaloop Inc, Brand val, Sporting Goods
DFS has secured a new £230m funding package from a banking syndicate led by Lloyds Bank Commercial Banking following its recent stock market listing. The funding includes a £200m term loan that will be used to repay existing ...
Pernod Ricard intends to borrow up to $240.4m in a bid to break the dominance of Diageo-controlled United Spirits's share in the Indian spirits market. United Spirits holds one third of the share in the Indian market. Without ...
Li Ning widened its loss in 2014 to RMB743.5 million ($125 mm) from RMB359.4 milion a year ago. Revenues rose 15.6 percent to RMB6.73 billion ($1.13 bn) from RMB5.82 billion. Li Ning warned in January that it expected to post a loss for ...
Tags: Li Ning, growth phase, Sporting Goods
In 2014, specialty chemicals group Lanxess said it substantially improved its operating result and net income in a challenging market and competitive environment. Although sales declined slightly by 3.5 per cent to around €8 ...
Tags: Lanxess, specialty chemicals
Driven mainly by a stronger demand in the Americas, sales in the fourth quarter of 2014 recovered and rose by 6.3 per cent from the year ago quarter, at sports goods and apparel marketer Puma. “In comparison with fourth quarter of ...
Tags: Puma, sports goods
Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has announced the pricing of its offering of $55m of 6.00% convertible senior notes due 2020. The notes will be offered and ...
Tags: components, modules, optical communications
Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) intends to offer (subject to market conditions and other considerations) $55m of convertible senior notes due 2020 in a private ...
Tags: Oclaro, Proposed Offering
For fiscal second-quarter 2015 (ended 28 December 2014), Cree Inc of Durham, NC, USA has reported revenue of $413.2m, down 3.4% on $427.7m last quarter but similar to $415.1m a year ago and in the upper half of the target range of $400-420m ...
Tags: LED Demand, LED Lighting Offsets, Electrical
ZENN Motor Company Inc. is pleased to announce a non-brokered private placement (the “Private Placement”) of up to 2,400,000 units of the Corporation (the “Units”) at a price of $0.375 per Unit for gross proceeds of ...
Tags: securities laws, working capital, Electrical
Australia’s oldest chocolate business, the iconic Ernest Hillier has been placed into voluntary administration, and a meeting with creditors will take place on Tuesday 20 January 2014. Hillier’s administrator, Bruno Secatore ...
Tags: chocolate business, Agriculture
Adjusted gross profit in the second fiscal quarter ended November 30, 2014 climbed 57 per cent year on year at NYSE listed Performance Sports Group. As against $39.6 million in the year-ago quarter, adjusted gross profit rose 57 per cent ...
Tags: sales, marketing costs, Apparel
West Bengal based and since long ailing, Haldia Petrochemicals Ltd (HPL) is expected to reopen its plant as lenders have agreed to infuse fresh funds into the loss making company. After Purnendu Chatterjee, chairman of The Chatterjee ...
Tags: technical snag, Textile
Global manufacturer and marketer of differentiated chemicals, Huntsman Corporation has said that fall in crude oil prices will prove to be beneficial to Huntsman over the long term. In a statement, Huntsman CEO Peter Huntsman said, ...
Tags: oil prices, balance sheet, Textile
Mike’s Bikes, the largest independent bicycle retailer on the West Coast, based in Marin County, has received a multi-million dollar credit facility from Business Capital. With 11 locations spread throughout Northern California, the ...
Tags: customer service, Sporting Goods