Home / Knowledge / News / Fashion / adidas-Salomon completes Salomon's Amer Sports divestiture

adidas-Salomon completes Salomon's Amer Sports divestiture

Oct '05
Herzogenaurach based footwear major adidas-Salomon AG announced that it has formally completed the divestiture of its Salomon business segment to the Amer Sports Corporation. As previously announced, the transaction value for the Salomon business segment is approximately € 485 million based on year-end 2004 figures.

The final price will be adjusted in accordance with net assets as at September 30, 2005. Following the completion of the divestiture of the Salomon business segment on October 19, 2005, the Salomon segment will be deconsolidated at the beginning of the fourth quarter 2005.

The Salomon business segment includes the related subsidiaries and brands Salomon, Mavic, Bonfire, Arc'Teryx and Cliché. In conjunction with the transaction, adidas-Salomon and Amer have entered into collaboration agreements in order to ensure a smooth transition post closing.

adidas-Salomon CEO Herbert Hainer stated that with the Salomon divestiture now complete, the organization is now devoting its energies to the adidas and TaylorMade brands and the next major steps lying ahead of them. The Salomon family of brands continues to offer considerable promise and they wish them all the best for their future.

German sporting goods leader adidas-Salomon delivers state-of-the-art sports footwear, apparel and accessories. Products from the adidas Group are available in virtually every country of the world. Company strategy is simple: continuously strengthen the brands and products to improve the competitive position and financial performance.

adidas-Salomon AG

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

K Madhavan,

K Madhavan

Established in 2005 by P Manjunath, Peps is India's largest inner spring...

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Dahlia Razzrook, Label - Dahlia Razzook

Dahlia Razzrook
Label - Dahlia Razzook

London based designer, <b>Dahlia Razook</b> known for her luxury...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Etam Group Strategy Hong Kong Limited
Aramark Uniform ;& Career Apparel, LLC
Lacoste (Wanchai)
H;&M Hennes ;& Mauritz (Far East) Ltd
Rayonese Textile Inc., Division de Culp Inc.
Helly Hansen Far East Ltd
PVH Corporation
The LYCRA Company Singapore  Pte. Ltd
J ;& P Coats
LC Waikiki
Green Fibre
Lisa S.P.A.
NITI Aayog

January 2022

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

Advanced Search