Mammut Sports Group, the outdoor and sports business unit of the Conzzeta Group, posted 9.2 percent higher sales of 111.9 million Swiss francs (€75.5-$96.3m) for the eight months ended Aug. 31. The sports group, which markets the brands Mammut, Toko and Raichle, had higher sales in all regions, even in the weakened economy of the USA despite the softness of the dollar.
Rolf Schmid, MSG’s chief executive who also acts as president of the European Outdoor Group, told THE COMPASS that he did not expect a major impact of the global financial crisis on the consumer level. In his opinion, cost-cutting consumers might even turn to outdoor activities in nearby locations instead of spending money on costly flights to destinations far away. Schmid sees, however, upcoming troubles for the supply chain as retailers have more problems getting loans.
MSG has its own subsidiaries in all the key markets in which it is particularly strong, including the Swiss home market, Germany, Norway where it acquired the Ajungilak sleeping bag brand in 2001, as well as in Japan, the U.K., and the USA. In both Britain and America, Mammut eventually acquired its respective distributors. On top of this, the Swiss company holds strategic stakes in its distributors in Austria and the Benelux countries. It opened its first Asian Mammut store in Tokyo in September.
Meanwhile Conzzeta Group has named Robert Suter to be its new chief executive. He comes from the ABB Group, where he was last an executive in the transformers business unit. He takes over the position next Spring, when Heinrich M. Lanz steps down.