The Weekly Closeout: What the Supreme sale means for VF’s debt and Mango posts ‘record’ first half

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Retail Dive 16h ago

The Weekly Closeout: What the Supreme sale means for VF’s debt and Mango posts ‘record’ first half - Retail Dive

Quick Summary:

The recent sale could spell good news for the apparel company’s upcoming maturities.

In fact, VF may have made the move in part to allay analyst skepticism around its ability to pay down two upcoming tranches of debt: a $1 billion term loan due in December as well as about $750 million in notes due next April, according to BMO Capital Markets Managing Director Simeon Siegel.

"At Ikea, we are committed to creating an inclusive and accessible shopping experience for all our customers,” Jessica Santiago Byrd, multicultural marketing communications manager for Ikea U.S., said in a statement.“With this new platform, we hope to make it easier than ever for our Spanish-speaking customers to shop with us and become part of the Ikea Family".