Amer Sports, owner of Salomon, Peak Performance and Arc'teryx, has announced renewed talks with a consortium led by Chinese rival Anta Sports, perhaps suggesting a small step closer to more definitive negotiations.
The Finnish owner of sports brands including Salomon and Arc’teryx has placed its cycling clothing brand Mavic under strategic review in an effort to streamline its portfolio and boost growth, it announced on Thursday.
Declines at By Malene Birger and Tiger of Sweden meant a challenging year for IC Group, but a new structure means its brands will sink or swim on their own merits at it becomes a holding company and mulls more sell-offs.
Times are tough at Denmark’s IC Group with the Tiger of Sweden and By Malene Birger owner reporting weak sales. And while consolidated operating profits are rising, gross profit is down and it faces huge challenges.