November 04, 2020
Net loss expanded slightly to $54,452,000 in the third quarter ended Oct. 3 from a loss of $51,893,000 last year, on 5% higher revenues of $363,932,000 up from $347,200,000.
Net income at Fjällräven’s parent company declined 9% in the third quarter to €32.4 million ($37.9 mm) from €35.7 million on 4% lower sales of €186.9 million ($218.6 mm) down from €194.5 million.
Amer Sports and Hunter Boots veteran Vincent Wauters will succeed Bruno Cercley, who will remain involved as non-executive president.
A number of private equity firms, including Carlyle Group, KKR & Co., Advent International, Apax Partners, General Atlantic and Permira, are considering takeover bids for the German bike maker, Bloomberg reported, citing sources close to the matter.
The British women’s activewear brand has engaged Goldman Sachs to help find a new investor. The Times reported, seeking a valuation of about £250 million ($327 mm).
Yeti is recalling about 15,000 Rambler 20 oz. travel mugs with Stronghold lids because the magnet slider on the lid can eject and hot contents can spill out.