A consortium led by China’s Anta Sports made an offer to acquire Finland’s Amer Sports in a deal that values the company at €4.6 billion (US$5.23 billion) and Amer’s board is recommending shareholders approve the offer. The consortium plans to operate Amer Sports independently from Anta, with a separate board of directors.
Category: Outdoor
Aisle Talk Week Of December 3
Top headlines from the active lifestyle industry you may have missed this week, including big news from trade show owner Emerald Expositions, which canceled Interbike (pictured) for 2019 and also shortened Outdoor Retailer Summer Market and Winter Market from four days to three days.
Retail Disappoints In Duluth Trading’s Q3
Shares of Duluth Holdings Inc. tumbled $6.03, or 19.9 percent, to $24.33 Friday following the company’s mixed third-quarter results. Although the company’s revenue was up 27.4 percent to $106.7 million—which beat Wall Street’s target by $2 million—there is concern on the retail side.
Johnson Outdoors Sees Record Annual Results
Johnson Outdoors announced all-time high revenue and earnings for the second consecutive fiscal year. Strong marketplace demand for new products in the company’s core Fishing and Diving brands propelled an 11 percent increase in sales as operating profit grew 38 percent and net income rose 16 percent over the prior fiscal year. The seasonally slow fourth quarter net sales nearly equaled prior year results.
Vail Resorts Season Pass Sales Ahead Double-Digits
Vail Resorts widened its loss in the first quarter but noted that season pass sales through December 2, 2018 for the upcoming 2018/2019 North American ski season increased approximately 21 percent in units and 13 percent in sales dollars.
Emerald Expositions Cancels Interbike For 2019, Terminates Show Staff
Emerald Expositions, the owner of the annual Interbike show, announced Thursday evening that the Interbike trade show will not take place in September 2019 in Reno, NV, as previously scheduled.
Polartec Announces 2018 Apex Design Award Winners
Polartec announced the winners of its 2018 Polartec Apex Awards, an annual design award program celebrating the finest products made from Polartec fabrics.
The Thru-Hike-Syndicate Opens Application Period For Sixth Season
Vasque announced the kick-off of the sixth season of the Thru-Hike Syndicate, a brand partner-powered program supporting a select group of thru-hikers attempting to complete the longest trails throughout North America.
Fischer Restructures U.S. Organization
Fischer Sports GmbH, one of the world’s largest ski manufacturers, announced a restructuring of the U.S. subsidiary based in Auburn, NH effective immediately. Fischer global CEO Franz Foettinger assumes oversight of the U.S. organization in the wake of the departure of former U.S. CEO, Ryan Leach.
Duluth Trading’s Q3 Sales Expanded 27 Percent
Duluth Holdings Inc., the parent of Duluth Trading, reported a wider loss in the third quarter but they were in line with expectations. Sales grew 27.4 percent.
Amer Close To Signing Anta Merger Deal
Amer Sports is in final negotiations regarding a merger with a consortium led by China’s Anta Sports, according to reports from Reuters and Bloomberg.
VF Corp. Announces Name For Jeanswear Spinoff
VF Corporation announced that Kontoor Brands, Inc. will be the name of the independent, publicly traded company that will result from its previously announced separation of VF’s Jeanswear organization.
Behind The Deal: How Callaway Aced The Jack Wolfskin Acquisition
Anyone who looks beyond the surface of Callaway Golf Co.’s agreement to acquire Jack Wolfskin for $476 million will see that reducing it to the simplistic “golf company buys outdoor brand” doesn’t capture the depth of the deal. The acquisition makes sense on multiple levels for both companies amid the blurring of channels, product lines and even consumer habits.
VF Corp To Open London Office
VF Corporation will open a new office in the heart of London’s Soho next Spring to help fuel growth in the U.K. market.
Mountain Khakis Promotes Victoria Payne To CFO
Mountain Khaki announced the recent promotion of Victoria Payne to CFO and vice president. Payne will lead all Mountain Khakis’ finance and operations activities.
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