Airesis Loss Expands On Plunging Sales in H1
The parent of Le Coq Sportif and Movement Skis widened its net loss to CHF18.5 million ($20.4 mm) in the first half of 2020 from a loss of CHF1.9 million prior, as sales tumbled by more than half to CHF 32.2 million ($35.4m). The coronavirus pandemic impacted both brands, with Le Coq Sportif revenues falling 50% to €29.2 million with a loss of €14.9 million, and Movement sales off 47% to CHF 932,000 resulting in a loss of ... Log in to view full article.
