All Amer Sports articles – Page 3
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ArticleAnta switches to new DTC business model in China
The pandemic has been a catalyst for change across many companies this year, including at Anta Sports Products . It has decided to do away with the wholesale model that it employed for 20 years in 11 major provinces. Instead, the Chinese sports group will switch to a new ...
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News briefs
Anta and the WWF agree to international partnership
The Anta Group has announced a new agreement with the World Wide Fund for Nature ( WWF ) that engages both parties to jointly invest more resources on sustainable environmental development, drive the sustainability transformation of the textile industry and enhance biodiversity conservation. Based on a three-year ...
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ArticleMoody’s and S&P forecast 15% sales decline at Amer Sports
In a new report, rating agencies Moody’s and S P reveal that Amer Sports ’ revenues fell by 36 percent in the second quarter and by 22 percent in the first half, hampered by the impact of the pandemic. Ebitda was a loss of €26 million for the ...
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ArticleAnta Sports issues warning on first-half profits
Anta Sports Products said it expects to report a drop of about 25 percent in its earnings for the first half of this year, largely as a result of restrictions implemented during the Covid-19 crisis. They are even expected to be down by 35 percent from the year-ago period ...
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ArticleMoody’s is pessimistic about Amer’s outlook
Moody’s downgraded its ratings for Amer Sports ’ debt to the lowest level possible, issuing a pessimistic short-term outlook for the company, acquired a year ago by Anta Sports Products and other investors. Moody’s expects a 20 percent decline in the group’s revenues this year, noting that its ...
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ArticleAnta has a strategy for loss-making Amer
(SGI) Anta Sports Products reported a 30.3 percent increase in net income to 5,344 million yuan renmimbi (€695.4m-$752.2m) for 2019, while revenues increased by 40.8 percent to RMB 33,927 million (€4.4bn-$4.5bn). The gross margin and the operating margin reached a five-year high, but the net profit margin fell to ...
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ArticleChange of the guard at Salomon
Michael White, the current 55-year-old chief commercial officer of Amer Sports, is going to take the place of a company veteran, Jean-Marc Pambet, as president of the Salomon brand on Jan. 1. Pambet will be working closely with White for the next couple of months to ensure a smooth transition ...
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