Amer Sports news and archive

Salomon names Guillaume Meyzenq as president and CEO

Amer Sports, Inc., which owns sports and outdoor brands, including Arc’teryx, Peak Performance and Wilson, has appointed Guillaume Meyzenq as the new president and chief executive for French outdoor and sports brand Salomon. Meyzenq, who is currently chief product officer for Salomon, will take up his new role effective January 1, 2025, and...

BusinessFeatured

Amer Sports raises forecast on strong Q3 growth

For the third quarter, Amer Sports reported a revenue increase to 1,354 million dollars, up 17 percent on both a reported and constant currency basis. “The third quarter was very strong for Amer Sports Group across all brands and geographies. We are executing against our largest growth opportunities in Arc'teryx and Salomon footwear, while our...

BusinessFeatured

Amer Sports reports strong Q2, updates forecast

For the second quarter, Amer Sports revenue increased 16 percent to 994 million dollars or increased 18 percent on a constant currency basis. Net loss decreased 98 percent to 4 million dollars or negative 1 cent diluted loss per share and adjusted net income increased 129 percent to 25 million dollars or 5 cents diluted earnings per share. "Our...

Retail

Peak Performance to open first UK store in London

Scandinavian outdoor brand Peak Performance, owned by Amer Sports, has confirmed it will open its first-ever store in the UK later this year as part of its global expansion plans. Peak Performance has selected Covent Garden in London for its debut UK store, following in the footsteps of its sister brand, Canadian high-performance outdoorwear...

BusinessFeatured

Technical apparel segment boosts Amer Sports Q1 revenues

For the first quarter, Amer Sports revenue increased 13 percent to 1.2 billion dollars led by a 44 percent increase in the technical apparel segment. On a constant currency basis, revenue increased 14 percent. Commenting on the trading results, Amer Sports CEO James Zheng said: “Our transformation to a brand-direct business model four years ago...

Business

Arc’teryx leads the way in Amer Sports’ Q4 results

Amer Sports, the parent company of Salomon, Arc’teryx and Wilson, has published its financials for the fourth quarter of 2023, as well as for the full fiscal year, with its technical apparel segment leading the charge among its wide-scoping portfolio. For the fourth quarter, revenue increased 10 percent to 1.315 billion dollars, representing an...

Business

Amer Sports’ IPO falls below target

Amer Sports, the owner of Arc’teryx, Wilson and Salomon, has raised 1.3 billion dollars in its NYSE initial public offering (IPO), falling short of its target with 100 million shares priced at 13 dollars each. This came far below the expectations of the company, which initially forecasted the IPO price to be between 16 and 18 dollars per share...

BusinessFeatured

Amer Sports, Wilson and Arc’teryx owner, files for US IPO

Sports conglomerate Amer Sports has officially filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) amid efforts to bolster funding to pay back debts. The group, which owns the likes of Arc’teryx, Salomon and tennis racket manufacturer Wilson, appointed Goldman Sachs & Co., BofA Securities, J.P. Morgan and Morgan...

Business

Amer Sports, owner of Salomon and Arc'teryx, files for IPO

Global sports conglomerate Amer Sports has initiated the process for an Initial Public Offering (IPO). Headquartered in the United States, Amer Sports operates a diverse portfolio that includes renowned brands such as Arc'Teryx, Salomon, Peak Performance, and Wilson, a leading name in tennis equipment. While unofficial sources have hinted at a...

Business

Anta-led Chinese consortium acquiring Amer Sports for 5.2 billion dollars

Amer Sports Corporation has confirmed a public cash tender to acquire the entire stake in the company’s business by a Chinese investor consortium led by Anta Sports Products Limited. The consortium has offered price under the tender offer of 40 euros in cash per Amer Sports share. Anta had, on September 12 made an all-cash offer to acquire Amer...

Apparel

Amer Sports breaks up with Pantaloon Retail

Finland’s Amer Sports, which owns several leading global sporting brands, has turned back on it April 2010 agreement with Pantaloon Retail, wherein it had assigned Pantaloon as exclusive distributor of Wilson and W brands in India. However, Pantaloon has now sued the Finnish company in the Delhi High Court against the latter’s decision. The case...