Apparel drove Amer to record sales in 2018 - sportstextiles: Lea SportsTextiles

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Apparel drove Amer to record sales in 2018

08/02/2019
Finnish group Amer Sports, which is the subject of a take-over attempt by Chinese investors, including sports group Anta, has reported net sales of nearly €2.7 billion in 2018, an increase of 7% in local currencies compared to the previous year.

The group’s apparel division grew 41%, driven by the acquisition of Stockholm-based outdoor brand Peak Performance in April 2018. Geographical growth was driven by China (+16%) and the US (+10%). 

Discussing the results, Amer Sports president and CEO Heikki Takala, said apparel is now the group’s largest business area, overtaking softgoods. 

The Anta-led consortium, known as Mascot, also includes Hong Kong-based private investment group FountainVest Partners, internet giant Tencent Holdings, and Anamered Investments, an investment company owned by the founder of Lululemon, Chip Wilson. 

Amer Sports is the parent company of Arc’teryx, Salomon, Wilson, Peak Performance, Atomic, Mavic, Suunto and Precor.

Related stories:

Amer Sports offloads Mavic brand 10/07/2019
Amer Sports explores sale of Mavic cycling brand 15/03/2019
Anta-led consortium targets full control of Amer Sports 12/03/2019
Another year of strong growth for Anta Sports 26/02/2019
Anta shareholders approve Amer acquisition 22/02/2019
Amer directors cleared to sell their shares to Anta-led consortium 24/01/2019
Amer Sports directors call extraordinary general meeting re sale 07/01/2019
Anta-led consortium makes offer for Amer Sports 07/12/2018
Amer Sports confirms interest from potential Chinese buyers 13/09/2018
Amer Sports launches new apparel division 04/07/2018
Amer Sports acquires Peak Performance 30/04/2018
US sports store closures are making Amer focus on direct-to-consumer 24/11/2017
Both sides have gained from Armada acquisition, Amer says 06/10/2017
“Significant decline” in US hurts Amer growth ambitions 18/09/2017
Changes in leadership at Amer Sports 11/09/2017
Amer Sports acquires US ski brand 06/04/2017

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