BOARDRIDERS SUED OVER OAKTREE-BACKED RESCUE DEAL
As reported in ‘The Australian’, a group of investors intend to sue Boardriders Inc over a US$431 million financing package, saying it elevates the interests of a preferred group of……
MOODY’S ASSIGNS B3 RATING DOWNGRADE TO BOARDRIDERS
ASB MAGAZINE: Moody’s Investors Service, has assigned a B3 rating to Boardriders Inc.’s new US$431 million Super Senior Credit Agreement. At the same time, Moody’s affirmed the company’s Caa1 corporate……
BOARDRIDERS INC. DOWNGRADED TO ‘SELECTIVE DEFAULT’ ON S&P RATINGS
ASB MAGAZINE: Standard & Poor (S&P) Global Ratings lowered its debt ratings outlook on Boardriders Inc after the company recently completed a transaction to provide needed liquidity and fund an……
VF’S TOUGHEST Q1 – VANS HIT HARDEST BY COVID19
ASB MAGAZINE: Vans revenue declined 52 per cent in Q1 marking one of the most difficult quarters for Vans which has outperformed all other brands in the VF family for……
JOBKEEPER EXTENDED UNTIL MARCH 2021
ASB MAGAZINE: It’s the good news surf retailers have been waiting for after June’s double digit growth (all categories) for retailers on our ActionWatch panel up +64.5% and bringing EOFY…
SEAFOLLY GOES INTO VOLUNTARY ADMINISTRATION
ASB MAGAZINE: According to media reports elsewhere, iconic Australian bikini brand Seafolly has gone into administration, citing the crippling financial toll COVID-19 has taken on the retail sector. The women’s beachwear…
VANS HYPER CUSTOMER CENTRIC APPROACH IS WINNING
ASB MAGAZINE: Shares of VF Corp. dropped Friday as the owner of VANS took a hit from the coronavirus economic shutdown. VF, whose North American stores have been closed since……
COVID-19: SME RENT RELIEF IS NOW AT HAND
ASB MAGAZINE: There’s no shortage of advice for SME’s available online and we at ASBMAG are trying to help narrow the focus by providing a snapshot of the key benefits available…
INSIDE KATHMANDU HALF YEAR RESULT & $207 MILLION EQUITY RAISING
Dual listed Kathmandu Holdings Limited announced its first half FY20 results, and a fully underwritten $207 million Equity Raising, via a pro-rata accelerated entitlement offer. The offer is aimed at……
KATHMANDU x RIP CURL – THE BALL AND THE CHAIN.
ASB MAGAZINE: Rip Curl released a trading update on its website announcing that online sales would remain open and operational throughout this period. Rip Curl’s warehouses are operating under advice from……
CONDENSED ECONOMIC STIMULUS + SME SURVIVAL UPDATE
ASB MAGAZINE: We’ve been contacted by many surf retailers asking what can be done and what is being done for them as the Coved-19 situation continues to evolve on a…
TIGERLILY ENTERS VOLUNTARY ADMINISTRATION
ASB MAGAZINE: According to reports in the mainstream press, former Billabong owned swimwear brand Tigerlily has gone into voluntary administration, citing the impact of COVID-19 as one of the reasons…