ATD announced that it has reached an agreement in principle with holders of more than 70% of its bonds on the terms of a recapitalization transaction that will reduce the company’s debt by up to $1.1 billion.
ATD’s Tire Pros launched Thursday a new, million-dollar ad campaign highlighting the work of its franchisees’ hassle-free customer service.
American Tire Distributors (ATD) said the changes it announced this week, which included restructuring at its Field Support Center and additional resources for its Tire Pros dealers, will “help the business grow and help our customers succeed.”
American Tire Distributors (ATD) leadership told employees of its plans to downsize and begin layoffs across the organization, sources close to ATD tell Tire Review.
American Tire Distributors (ATD) has posted sales gains in the first half of this year and says it has suppliers that will fill in gaps left after Goodyear and Bridgestone pulled its passenger and light truck product lines.
Moody’s analyst Inna Bodeck has essentially raised a red flag of concern about the solvency of ATD in the future.
American Tire Distributors’ debt took a dive Wednesday after Bridgestone Americas announced it would pull the distribution of its passenger and light truck tires from the company.
The omni-channel “Hassle-Free. Guaranteed.” campaign looks to drive traffic to Tire Pros franchisees.
Smallwood shares his view on Falken’s recent price increases, the growth of the light truck segment and the brand’s relationship with ATD.
American Tire Distributors announced that Ivy Chin will join the company as chief digital and technology officer.
“All else being equal, the magnitude of the associated earnings and cash flow decline will compound an already levered financial risk profile, rendering a pre-emptive debt restructuring increasingly likely, in our estimation,” says Inna Bodeck, Moody’s lead analyst covering ATD.
Here’s what we know so far about TireHub, ATD and what the future of distribution looks like for Goodyear and Bridgestone.