85
Fashion Jobs
ADIDAS
Senior Director Product Creation Ftw
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Corporate Affairs & Reputation Manager - Corporate Affairs & Engagement
Permanent · HO CHI MINH CITY
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
Published
Jul 10, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

Amer Sports completes sale of Mavic

Published
Jul 10, 2019

Finnish sporting goods company Amer Sports Corporation announced on Tuesday that it has completed the sale of its Mavic SAS cycling brand to Regent LP, a US-based global private equity firm specialized in transforming businesses across a range of industries including technology, consumer products, retail and media.


Mavic has been a sponsor of the Tour de France since the 1970s - Instagram: @maviccycling


First announced in March, the divestment of Mavic, which only represented around 3% of Amer’s sales, is part of the company’s comprehensive strategic review of its now discontinued cycling business.
 
The move will allow the sports equipment group, which also owns the Salomon, Arc’teryx and Peak Performance brands, among others, to streamline its portfolio and focus on its more profitable categories.

"As part of our strategy we continue to focus the group portfolio and capabilities towards areas of faster growth, better profitability, and scalability," explained Amer President and CEO Heikki Takala in a release published when the transaction was first announced. "We believe that the iconic Mavic brand has strong potential, which would be better realized as part of Regent. Amer Sports continues to capitalize on its strategic priorities, especially softgoods, direct to consumer, China, and United States."
 
Based in Annecy, France, Mavic has been manufacturing bike systems and rider’s equipment since 1889, when it was founded by Charles Idoux and Lucien Chanel.The brand has been an official sponsor of the Tour de France since the 1970s and currently employs more than 300 people.
 
According to Amer, which reported net sales of 2.68 billion euros in 2018, the divestment of Mavic will not affect the results of its continuing businesses.

No further details were provided about the transaction between Amer and Regent.

Copyright © 2024 FashionNetwork.com All rights reserved.