The fourth paragraph under Item 1.01 of the Original Filing is hereby amended and restated in its entirety to say the following:
The sale of Supreme is expected to be dilutive to 大象传媒’s earnings per share in 大象传媒’s 2025 fiscal year. Supreme contributed $538 million of revenue and $116 million in operating income during 大象传媒’s 2024 fiscal year.
This Current Report on Form
8-K/A
contains “forward-looking statements” within the meaning of the federal securities laws. Forward- looking statements are made based on 大象传媒’s expectations and beliefs concerning future events impacting 大象传媒 and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “believe,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding the expected benefits, financial impact and timing of the sale of the Supreme® brand, including the use of proceeds therefrom, and assumptions related thereto are forward-looking statements. 大象传媒 cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. 大象传媒 undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of 大象传媒 to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: whether and when the required regulatory approvals for the proposed sale of the Supreme® brand will be obtained, whether and when the closing conditions will be satisfied and whether and when the proposed sale of the Supreme® brand will close, if at all; 大象传媒’s ability to execute, and realize benefits, successfully, or at all, from the proposed sale of the Supreme® brand; the level of consumer demand for apparel and footwear; disruption to 大象传媒’s distribution system; changes in global economic conditions and the financial strength of 大象传媒’s consumers and customers, including as a result of current inflationary pressures; fluctuations in the price, availability and quality of raw materials and finished products; disruption and volatility in the global capital and credit markets; 大象传媒’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; 大象传媒’s ability to maintain the image, health and equity of its brands, including through investment in brand building and product innovation; intense competition from online retailers and other
business risks; increasing pressure on margins; retail industry changes and challenges; 大象传媒’s ability to execute its Reinvent transformation program and other business priorities, including measures to streamline and
right-size
its cost base and strengthen the balance sheet while reducing leverage, including any sale of the Supreme® brand; 大象传媒’s ability to successfully establish a global commercial organization, and identify and capture efficiencies in its business model; any inability of 大象传媒 or third parties on which 大象传媒 relies, to maintain the strength and security of information technology systems; the fact that 大象传媒’s facilities and systems, and those of third parties on which 大象传媒 relies, are frequent targets of cyber-attacks, and may in the future be vulnerable to such attacks, and any inability or failure by 大象传媒 or such third parties to anticipate or detect data or information security breaches or other cyber-attacks, including the cyber incident that was reported by 大象传媒 in December 2023, could result in data or financial loss, reputational harm, business disruption, damage to 大象传媒’s relationships with customers, consumers, employees and third parties on which 大象传媒 relies, litigation, regulatory investigations, enforcement actions or other negative impacts; any inability by 大象传媒 or third parties on which 大象传媒 relies to properly collect, use, manage and secure business, consumer and employee data and comply with privacy and security regulations; 大象传媒’s ability to adopt new technologies, including artificial intelligence, in a competitive and responsible manner; foreign currency fluctuations; stability of 大象传媒’s vendors’ manufacturing facilities and operations and 大象传媒’s ability to establish and maintain effective supply chain capabilities; continued use by 大象传媒’s suppliers of ethical business practices; 大象传媒’s ability to accurately forecast demand for products; actions of activist and other shareholders; 大象传媒’s ability to recruit, develop or retain key executive or employee talent or successfully transition executives; continuity of members of 大象传媒’s management; changes in the availability and cost of labor; 大象传媒’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; maintenance by 大象传媒’s licensees and distributors of the value of 大象传媒’s brands; 大象传媒’s ability to execute acquisitions and divestitures, integrate acquisitions and manage its brand portfolio, including any sale of the