Home / Knowledge / News / Apparel/Garments / Amer Sports moves into next phase of restructuring
Amer Sports moves into next phase of restructuring
29
Jul '14
Following the successful completion of the restructuring announced in 2012 Amer Sports now moves into the next phase of restructuring. The primary objectives are to re-ignite profitable growth in Ball Sports and to further accelerate Amer Sports' growth towards 2020 especially in Apparel and Footwear, Business to Consumer, and digital products and services. The program will help to drive further scale and synergies across the Group and it will enable re-allocation of resources into the focus acceleration areas.
 
This phase of the restructuring will be executed during the next 18-24 months. Related non-recurring expenses of approximately EUR 60 million will mostly be recognized during the second half of 2014. Approximately EUR 25 million of the total expenses will have cash flow impact.
 
The restructuring is Group-wide and focused on the following key areas:
-Re-igniting profitable growth in Ball Sports, especially in Individual Ball Sports, including termination of low-profitability sales and non-core product lines and related R&D, and restructuring of Wilson Apparel and Footwear and Go-to-Market model.
 
Resource re-allocation to support faster growth in the Group's strategic growth areas: 
-Apparel and Footwear, Business to Consumer, and consumer engagement through digital products and services.
-Driving further scale and synergies and decreasing complexity and duplication in business areas, regions, functions, sites and platforms.
 

Amer Sports


Must ReadView All

Textiles | On 28th May 2016

New chemical safety law on the anvil in US

A new chemical safety law is set to come into effect soon in the US...

Apparel/Garments | On 28th May 2016

EC proposes new e-commerce rules for single market

The European Commission has presented a three-pronged plan to boost...

Textiles | On 28th May 2016

‘Chinese slowdown threat to global economy’

China’s faltering growth poses a "significant risk" to the global...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

Which chemicals are likely to dominate the sustainable textiles industry?...

Evelyne Cholet
UCMTF

Which regions are the largest importers of French textile machines? What...

Amit Jain
Shingora Textiles Ltd

What benchmarks in design and production need to be met in the manufacture ...

Paolo Ocleppo
Sandvik Hyperion

<b><i>Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion...

Eamonn Tighe
Nature Works LLC

<b><i>Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of ...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search