Peak Performance news and archive

Leading fashion chains join the “Swedish textile initiative for climate action"

To achieve key sustainability goals, leading Swedish fashion chains such as H&M, Kappahl, Peak Performance among others, have joined hands with The Sustainable Fashion Academy for the "Swedish textile initiative for climate action" (STICA). Through this initiative, these apparel companies would focus on reducing their climate impact by at least...

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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,...

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Amer Sports completes acquisition of Peak Performance

Amer Sports Corporation announced through a statement that it has completed the acquisition of Peak Performance from IC Group. The company said, Peak Performance business will be consolidated into Amer Sports as of July 2, 2018 and that the acquisition will have a minor positive impact on Amer Sports' 2018 financial results. "We are delighted to...

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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...

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IC Group explores strategic options for Peak Performance

The board of directors of IC Group has decided to initiate a strategic review process of its fully-owned brand Peak Performance to identify whether IC Group – either partial or in full – also serves as the best owner of Peak Performance in the future. The company has appointed investment bank Rothschild & Co to assist in the process. Commenting...