Amer Sports, Inc. announced strong financial results for the second quarter of 2025, with revenue increasing by 23 percent to 1.236 billion dollars, or 22 percent on a constant currency basis. The company's CEO, James Zheng, attributed the growth to the performance of its premium brands, which he says are gaining market share globally. The...
Aug 20, 2025
Amer Sports, Inc. had a strong first quarter. The Finnish sports group saw significant growth in both revenue and net income, according to the published quarterly figures. Due to the strong results, Amer Sports, Inc. decided to raise its expectations for the full financial year. Amer Sports, Inc. is the parent company of the brands Arc’teryx,...
May 20, 2025
Scandinavian outdoor brand Peak Performance, owned by Amer Sports, has confirmed it will open its first-ever store in the UK later this year as part of its global expansion plans. Peak Performance has selected Covent Garden in London for its debut UK store, following in the footsteps of its sister brand, Canadian high-performance outdoorwear...
Jun 24, 2024
For the first quarter, Amer Sports revenue increased 13 percent to 1.2 billion dollars led by a 44 percent increase in the technical apparel segment. On a constant currency basis, revenue increased 14 percent. Commenting on the trading results, Amer Sports CEO James Zheng said: “Our transformation to a brand-direct business model four years ago...
May 22, 2024
A love letter to our community, the Vertixs ski collection is all about enabling those unforgettable moments in snowy mountains. Developed with the expertise and feedback provided by our roster of professional skiers, this season’s lineup showcases our continuous commitment to bold design, uncompromising functionality and sustainability. Made by...
Nov 22, 2021
A circular economy is a systemic approach to economic development designed to benefit businesses, society, and the environment. In contrast to the linear model, with a cradle- to-grave approach, a circular economy has an aim to decouple growth from the consumption of finite resources. During 2019 we defined what circular economy and design is...
Oct 25, 2021
To achieve key sustainability goals, leading Swedish fashion chains such as H&M, Kappahl, Peak Performance among others, have joined hands with The Sustainable Fashion Academy for the "Swedish textile initiative for climate action" (STICA). Through this initiative, these apparel companies would focus on reducing their climate impact by at least...
Dec 4, 2018
Amer Sports Corporation has announced that it is updating the company's strategy focusing on continued profitable growth and prioritising acceleration in softgoods, business to consumer, China, United States, and digitalisation. As a part of its growth strategy, the company will focus on integration of the acquired Peak Performance business,...
Sep 6, 2018
Amer Sports Corporation announced through a statement that it has completed the acquisition of Peak Performance from IC Group. The company said, Peak Performance business will be consolidated into Amer Sports as of July 2, 2018 and that the acquisition will have a minor positive impact on Amer Sports' 2018 financial results. "We are delighted to...
Jun 29, 2018
The board of directors of IC Group has announced that the company has completed the process of selling Peak Performance to Amer Sports Corporation at 1.9 billion Danish krone. Commenting on the completion of deal with Amer Sports, the Chairman of the IC Group board of directors Peter Thorsen said in a media statement: "It has been a long and...
Apr 30, 2018
The board of directors of IC Group has decided to initiate a strategic review process of its fully-owned brand Peak Performance to identify whether IC Group – either partial or in full – also serves as the best owner of Peak Performance in the future. The company has appointed investment bank Rothschild & Co to assist in the process. Commenting...
Oct 5, 2017
IC Group, parent company of Peak Performance, Tiger of Sweden and By Malene Birger, reported improves earnings within its core-business division for its Q1 2015/16. Consolidated revenue amounted to 843 million Danish krone (113 million euros), equal to an increase of 1.8 percent or 3 percent measured in local currency compared to the same period...
Nov 12, 2015
