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German data indicate recession continued in Q2 - economist
The latest data regarding Germany’s economy, indicate that the European power house was in a recession during the second quarter of 2023, marking the third negative quarter in a row, according to Franziska Palmas, senior Europe economist at Capital Economics. According to Palmas, German GDP fell by 0.5 percent in ...
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S&P revises outlook for Wolverine Worldwide
S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...
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ArticleBirkenstock assigned a ‘B’ rating by S&P
The rating agency S P Global assigned a ‘B’ rating with a stable outlook to BK LC Lux Finco 1 Sàrl , the parent company of Birkenstock . The rating comes after the private equity firm L Catterton and its affiliates, including Financière Agache , the investment ...
