April 27, 2018 Remington Bankruptcy Gets Messy
As the case winds its way toward confirmation, it appears that the bondholders who will be inheriting the equity as part of the reorganization are pursuing former owner Cerberus with the establishment of a $5 million litigation trust, and there is considerable speculation that the bondholders will look to sell off part of the company if the plan is ever confirmed. Thule Posts Q1 Gains, but Americas Declines
Net income increased 8% to SEK 220 million ($27 mm) from SEK 203 million in the first quarter on 6% higher sales to SEK 1,611 million ($199 mm) from SEK 1,526 million. Oakley Parent Faces ForEx Headwinds in Q1
Luxottica’s North American sales including Oakley declined 13% to €1,197 million, but were flat constant currency, pulled down by the strengthening euro against the dollar. K2 Sports Sues Vertical Brands
K2 claims that Vertical Brands breached its apparel licensing agreement by failing to actually make any apparel or pay any royalties.
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