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Sporting Goods Industry News for June 16, 2025

Trade Talks Moving Forward with EU, Vietnam

Rumors were reported in German business outlet Handelsblatt that EU negotiators were looking to accept 10% across-the-board tariffs to avoid higher rates on targeted sectors such as automotive, pharmaceuticals, and electronics, but the European Commission largely denied the story.

Report: Skechers Financing Coming into Place

JPMorgan is raising $6.5 billion in debt, consisting of $4 billion in secured debt and $2.5 billion in unsecured notes, Bloomberg reported, citing sources close to the matter.

Under Armour Issues $400 Million in New Debt

Under Dog is selling $400 million of senior notes due in 2030 in a private offering and will use the proceeds along with cash to retire all $600 million of its outstanding 3.25% senior notes due 2026.

Solo Brands Refinances, Names New CEO

The Solo Stove and Chubbies parent is refinancing its debt with a new credit facility from JPMorgan Chase Bank, providing a $90 million revolving credit and a new $240 million term loan due June 2028.

JD Sports Opens Las Vegas Flagship

The U.K.-based retailer opened a new flagship store on Las Vegas Boulevard, bringing the North American fleet to 339 locations of its core banner.

Etcetera: Lowa, Cirql, Faxon Firearms, Seaguar, On Running, Under Armour
 
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