Amer Sports news and archive

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...

Business

Amer Sports puts Mavic under review as it updates strategy

Amer Sports Corporation has announced that it is updating the company's strategy focusing on continued profitable growth and prioritising acceleration in softgoods, business to consumer, China, United States, and digitalisation. As a part of its growth strategy, the company will focus on integration of the acquired Peak Performance business,...

BusinessFeatured

Amer Sports: Q2 sales in local currencies up 2 percent

Amer Sports’ net sales in April-June quarter were 483 million euros (565.6 million dollars) compared to 495.8 million euros (580.7 million dollars). In local currencies, the company said, net sales increased by 2 percent. Gross margin for the quarter was 44.1 percent and EBIT excluding IAC was negative 25.5 million euros (29.8 million dollars)...

BusinessFeatured

IC Group sells Peak Performance for 1.9 billion Danish krone

The board of directors of IC Group has announced that the company has completed the process of selling Peak Performance to Amer Sports Corporation at 1.9 billion Danish krone. Commenting on the completion of deal with Amer Sports, the Chairman of the IC Group board of directors Peter Thorsen said in a media statement: "It has been a long and...