Industry News

Perry Ellis International reported on Tuesday that it has entered into an agreement to license the rights to design and distribute its Original Penguin by Munsingwear bedding and bath home products to Revman International Inc, a Kaltex company, in the US and Canada. Under the terms of the agreement, Revman International's new collection will include comforters, duvet covers, shams, decorative pillows, sheets, as well as bath and beach towels. The collection will mix the brand's..."/>
Perry Ellis International enters into new license agreement for Original Penguin with Revman International Inc
Polaris Industries Inc announced on Tuesday that it has appointed John M. Olson as vice president and general manager for Polaris Defense, with immediate effect. In this position, Olson will report directly to Bob Mack, president of Global Adjacent Markets and be in charge of the entire Polaris Defense P&L, lead and develop the long term strategy for the organisation and build it into a top supplier of innovative customer solutions to the Department of Defense and other..."/>
Polaris names John Olson as VP and general manager for Polaris Defense
Beazer Homes USA, Inc. announced today that it is proposing to issue $300 million aggregate principal amount of Senior Notes due 2022 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The Company intends to offer the Notes to qualified institutional buyers in accordance with Rule 144 A or outside the United States in accordance with Regulation S under the Securities Act. The net proceeds from the offering will be used..."/>
Beazer Homes Announces Proposed Offering of $300 Million of Senior Notes
Beazer Homes USA, Inc. announced the following results for the first two months of its fiscal fourth quarter. New orders rose 23% compared to the same period of the prior fiscal year, primarily driven by an improved absorption pace, as community count was relatively flat over the time period. Additionally, the Company continues to expect its fourth quarter backlog conversion ratio to be between 75-80%."/>
Beazer Homes Announces Preliminary Operating Results
Beazer Homes USA, Inc. announced today that it has commenced a cash tender offer for any and all of its 6.625% Senior Secured Notes due 2018. Information related to the Notes and the tender offer is set forth in the table below. Per $1,000 principal amount of Notes validly tendered and accepted."/>
Beazer Homes Announces Tender Offer for 6.625% Senior Secured Notes Due 2018
Cool Technologies, Inc., an innovator in mobile power generation, energy efficiency, and heat removal technologies raised $650,000 from company insiders, existing shareholders and a new strategic shareholder to complete an MG system on a Ford F350 Dually and to retire all existing convertible debt. The truck will be demonstrated to target OEM's, up-fitters and future partners later this year. A key partner, Inverom Corporation/Innova EV, is handling the..."/>
Cool Technologies Makes Progress in August
Harley-Davidson chief executive officer Keith Wandell has been named Dana Inc.' s interim board chairman after the death of Joseph C. Muscari. Wandell, 66, has been a member of the Maumee auto parts supplier's board of directors since 2008. He served as president and CEO of Harley-Davidson from 2009 to 2015 and had top leadership posts at Johnson Controls."/>
BRIEF: Dana names Wandell board chairman [The Blade, Toledo, Ohio]
Tesoro Corp., a San Antonio, Texas, petroleum refiner. Terms of the deal have not been disclosed, but Virent will stay in Madison, and its jobs will stay here, CEO Lee Edwards said. He called the agreement "a critical milestone" for Virent and its BioForming technology."/>
Texas oil refiner Tesoro to buy Madison renewable fuels developer Virent [The Wisconsin State Journal]
Shiloh Industries, Inc., a leading global supplier of lightweighting, noise and vibration solutions, today reported financial results for its fiscal third-quarter 2016.. Revenue for the third quarter was $248.8 million, down from $266.1 million in the third quarter of 2015, due mainly to changes in customer production schedules and fewer shipping days in the quarter. Gross margin for the third quarter increased 210 basis points to 9.7 percent..."/>
Shiloh Industries Reports Third-Quarter 2016 Results
TEGNA President and CEO upon Close of Spin-off; Dave Lougee to Become CEO& President of TEGNA; Alex Vetter to Serve as CEO& President of Cars.com. MCLEAN, Va.---- TEGNA Inc. today announced it intends to spin-off Cars.com from TEGNA, creating two independent publicly traded companies: TEGNA, the largest independent broadcast station group among major network affiliates in the top 25 markets,..."/>
TEGNA to Create Strong, Market-Leading Broadcast and Digital Companies; Plans to Spin off Cars.com to TEGNA Shareholders
Malibu Boats, Inc. today announced its financial results for the fourth quarter and fiscal year ended June 30, 2016.. Highlights for the Fourth Quarter of Fiscal Year 2016. Net sales increased 9.8% to $66.7 million compared to the fourth quarter of fiscal year 2015. Unit volume increased 2.0% to 922 boats compared to the fourth quarter of fiscal year 2015. Net sales per unit increased 7.7% to $72,321 compared to the fourth quarter of fiscal year 2015, and net..."/>
Malibu Boats, Inc. Announces Fourth Quarter and Fiscal Year 2016 Results
Wayfair Inc., one of the world's largest online destinations for home furnishings and décor, now offers Apple Pay on the web with iOS 10 to help shoppers make easy, secure and private payments in Safari on iPhone, iPad and Mac with a single touch. The new capability will make shopping Wayfair’ s vast catalog of more than 7 million products even easier as more customers shop for..."/>
Wayfair Announces Mobile Web Checkout Integration with Apple Pay
Sears Canada Inc. today announced operational highlights and financial..."/>
Sears Canada Reports Second Quarter Results
Imvescor Restaurant Group Inc., a leading franchisor of restaurants operating 223 locations in Eastern Canada, reported financial results today for the 13 weeks ended July 31, 2016. This press release should be read in conjunction with the Company's management discussion and analysis and..."/>
Imvescor Restaurant Group Reports Continuing Strong Results for Q3 Fiscal 2016
Autoliv Inc, a provider of automotive safety systems, and Volvo Cars, a premium car maker, announced on Tuesday the signing of a letter of intent to form a new jointly-owned company to develop next generation autonomous driving software. This planned new company will have its headquarters in Gothenburg, Sweden and an initial workforce taken from both companies of around 200, increasing to over 600 in the medium term. This new JV company is expected to start operations in early..."/>
Autoliv and Volvo Cars announce JV for autonomous driving
Autoliv Inc, a provider of automotive safety systems, and Volvo Cars, a premium car maker, announced on Tuesday the signing of a letter of intent to form a new jointly-owned company to develop next generation autonomous driving software. This planned new company will have its headquarters in Gothenburg, Sweden and an initial workforce taken from both companies of around 200, increasing to over 600 in the medium term. This new JV company is expected to start operations in early..."/>
Autoliv and Volvo Cars announce JV for autonomous driving
Integrated Device Technology, Inc. announced that Samsonite has selected IDT as exclusive IC provider for its first generation of products featuring wireless charging. A global leader in travel bags, luggage and accessories, Samsonite selected IDT's P9038 wireless power transmitter to enable wireless charging in two new business collections, EnerQI and Lady Tech. Samsonite plans to introduce the products in Europe in the first..."/>
Samsonite Selects IDT as Exclusive IC Provider for its First Generation of Products Enabling Wireless Charging

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