Atomic And Salomon To Be Sold To Chinese Investors?

Atomic And Salomon To Be Sold To Chinese Investors?

Money & Finance, Newsfeed
The corporate owner of Salomon and Atomic may be sold to Chinese investors. Finnish Amer Sports has revealed last week that it had received what they termed as "indication of interest" from a consortium of Chinese sportswear company Anta and FountainVest Partners, a Hong Kong private equity group. It must be quite a serious "indication of interest" since, unusually, the offer size was revealed: the Chinese are ready to purchase the whole Amer Sports for a rather princely €4.6 billion in all-cash buyout. Or over 25% more than the market value of the company was before the announcement ( Amer Sports is a publicly traded company) Anta is big in team sports in China and is starting to make inroads into pro-basketball in the US: they just unveiled signature Klay Thompson shoes…
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Salomon and Atomic Sales Grow Massively in Q1

Salomon and Atomic Sales Grow Massively in Q1

Gear News, Money & Finance, Newsfeed
Amer Sports , the owner of Salomon and Atomic, have released its Q1 2017 financial report. The Winter Sports Equipment department, as Amer Sports calls its ski/poles/boots producing brands, has reported a massive year-on-year growth – the sales went up stunning 18 percent to €52.1 million – even if other company departments' sales were flat or depressed. Says Heikki Takala, president and CEO, Amer Sports "...We made strong progress in Winter Sports Equipment, and started to rebound in Fitness...” The Finnish sports equipment and apparel maker stresses that the growth to “was aided by good snow conditions in many key markets” Sure, the last winter in Europe was much snowier than the previous ones, but making good skis – and having elite racers win on them - couldn't possibly hurt…
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