by The Editors on October 25, 2012
Amer Sport the Helsinki, Finland based parent company of Salomon, Bonfire, and Nikita reported their financials for the quarter ending September 2012. Profits appeared flat versus 2011 with net sales increased by two percent, and unfortunately winter hardgoods sales were down by 12 percent, according to Marketwatch.
“Our Q3 sales were driven by strong on-going momentum in Apparel (27% growth), as well as continuous improvement in Suunto (+24%), Fitness (10%), Tennis (+8%) and Cycling (+7%),” said Keikki Takala, president and CEO of Amer Sport. “As expected, Winter Sports Equipment declined in line with the previously communicated low pre-orders, despite our strengthened market position.”
Guess their trouble in winter sports equipment is old news. For the official word and all the numbers click the link.
[Link:Marketwatch]
by The Editors on December 29, 2011
On December 20, 2011 Duxbury, Massachusetts based helmet manufacturer Bern Unlimited, Inc. filed patent infringement lawsuits against Burton Snowboards, Vans, and Salomon parent company Amer Sports, according to documents filed with the United States District Court District of Massachusetts.
The suits claim that all three companies continue to manufacture products that infringe patent (US D572,865 S) for a helmet with a small brim. The helmets Bern claims are infringing include the Red Mutiny, the Vans Pro-Tec Riot and the Salomon Ghost and Brigade Audio.
In their “Prayer For Relief” Bern lawyers from the Boston, Massachusetts firm Birnbaum & Godkin are requesting that Burton, Vans, and Amer Sports enjoin from further infringement and that Bern Unlimited, Inc. be awarded “damages in an amount to be proven at trial” and “multiple damages, costs and attorneys fees.”
The patent, awarded to Jonathan Baker of Thornton, New Hampshire on July 8, 2008, shows a helmet that looks much like a batting helmet with no ear covers and a shorter brim. It will be interesting to see if lawsuits based on helmet brim length do in court.
For a full view of the patent (and the lawsuit filed against) follow the jump. [click to continue…]
by The Editors on December 16, 2011
Bonfire and Salomon Snowboards parent Amer Sports announced today that they have purchased the women’s action apparel company Nikita for an undisclosed amount.
“Amer Sports is filled with people who skate, surf and snowboard, and we’ve got great brands with Salomon Snowboards, Bonfire and now, Nikita,” said Brad Steward, Head of Action Sports at Amer. “Nikita will give us a broader portfolio in the area of Action Sports, complementing Salomon snowboards and Bonfire. Amer now has a platform to grow with new consumer groups and bring a broader range of exciting, authentic products to market”.
Nikita Co-Founder Heida Birgitsdottir seems happy about the deal. “We are all really pleased to work with a company that can give our brand and our customers a solid base. As the Head of Design, I’m excited to see what we can create with Amer Sports’ support.”
For the rest of the story, follow the jump [click to continue…]
by The Editors on July 31, 2009
Yesterday we linked to a completely erroneous story on a European website involving Salomon and Bonfire’s parent company Amer Sports. Maarit Mikkonen, Communications Manager, for Amer Sports was kind enough to set us straight.
Amer Sports Corporate headquarters is not moving from Finland to Germany. Amer Sports operations in Germany are moving under one roof.
We apologize for unknowingly promoting incorrect information on the site.
by The Editors on July 2, 2009
Amer Sports, the parent company of Salomon, Bonfire, and Atomic, just lost one of its larger investors as Novator Finland Oy announced today that it sold its entire 20 percent stake in the company to “institutional investors” at a 15 percent discount vs. Wednesday’s closing price, according to a story on Reuters.
Amer Sports shares were 15.4 percent lower at 7.02 euros 0718 GMT. . . Novator sold its 14.7 million shares at 7 euros each through SEB Enskilda.
Doesn’t exactly sound like a confidence building revelation.
[Link: Reuters]
by The Editors on October 7, 2008
Rumors that Amer Sports‘ largest share holder was selling out of the company were not confirmed today. The parent company of Salomon, Bonfire, and Atomic hasn’t heard anything about the Icelandic investment firm of Novator selling any shares.
“I have not heard anything from Novator that could indicate they would sell their stake,” an Amer spokesman said.
We haven’t heard anything about it either.
[Link: Reuters]
by The Editors on January 5, 2024
The thing that no one ever mentions about Westbeach (and Lululemon) founder Chip Wilson is that the guy can dance. Put on some swing music and he will drag the most uncoordinated person out on the floor and make them look like Willa Ma Ricker. This vision keeps coming back to us as we’ve watched Wilson negotiate all kinds of business successes and snafus over the years. But now, as a guy with a reportedly $7 billion wallet and a large chunk of Atomic and Salomon parent company Amer Sport some are wondering what he’s been up to lately. Forbes finds out.
Wilson, who famously stepped away from the yoga-inspired fashion brand he started in 2013 after landing in hot water for blaming an issue with see-through leggings on “some women’s bodies,” specifically those with thicker thighs, has spent a good chunk of the past year opening up about his disease, a rare form of muscular dystrophy that slowly eats away at muscle strength in the upper body and shoulders. Though he was diagnosed with facioscapulohumeral muscular dystrophy (FSHD) over 30 years ago, more than a decade before he started Lululemon in 1998, it wasn’t until last year that he revealed his diagnosis and launched a full-scale assault on FSHD, which impacts an estimated 870,000 people around the world. Citing his likely need for a wheelchair in the next few years, the Vancouver-based billionaire in March 2022 pledged the equivalent of $75 million to a new organization he set up to stamp out FSHD by 2027.
For the rest of the interview, please click the link and if you don’t have a subscription to Forbes, you can just turn javascript off in your browser and read it for free.
[Link: Forbes]
by The Editors on December 9, 2018
Billionaire Westbeach co-founder Chip Wilson (his other little start-up was Lululemon Athletica) has joined forces with Chinese sportswear giant Anta Sports Products Ltd and some others to purchase Finland based Amer Sport, owners of Salomon, Atomic, Arc’Teryx, Suunto, Mavic, Percor, and Wilson for $5.2 billion, according to a story on Bloomberg.
The consortium, which includes Chinese buyout firm FountainVest Partners, will offer shareholders of Finland’s Amer Sports Oyj 40 euros a share in cash, or about 4.6 billion euros. The deal is the largest struck by a Chinese acquirer for a European asset since China Investment Corp. agreed to buy Logicor Europe for almost $14 billion in June 2017, according to data compiled by Bloomberg.
Guess Chip just couldn’t stay away from the snow any longer.
[Link: Bloomberg]
by The Editors on October 15, 2018
Once again, a list of links to some of the stories we wish we had time to read and re-type. Follow the jump for all the details.
[click to continue…]
by The Editors on June 9, 2016
The SnowSports Industries of America today announced that they are packing up their offices in McLean, Virginia and heading west to shack up near the USSA in Park City, Utah.
“This relocation is a necessary step to keep SIA at the core of our industry and is a strong indicator of the direction we are taking with the organization’s future,” said SIA President Nick Sargent. “This move allows us the ability to be closer to our members and other industry stakeholders, while leveraging the synergies found in a snow sports community to develop new programs and strategies for positive industry growth. In addition to these significant business benefits, having the opportunity to ski and ride the Greatest Snow On Earth is a nice perk.”
Anything that makes anyone’s travel time shorter is a great thing. And having a snow industry association near such amazing snow is even better. Now, if they’d just move the SIA Trade Show with them we’d be even happier. The move will be made in August 2016. For the official word from the SIA, please follow the jump.
[click to continue…]
Amer Sport the Helsinki, Finland based parent company of Salomon, Bonfire, and Nikita reported their financials for the quarter ending September 2012. Profits appeared flat versus 2011 with net sales increased by two percent, and unfortunately winter hardgoods sales were down by 12 percent, according to Marketwatch.
