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Mavic Remains Part of Amer Sports

Industry- & Retail Organizations

Amer Sports, the Finnish holding company of various sporting goods manufacturers, has decided that Mavic remains a part of the company. In a statement released yesterday Amer Sports says:

HELSINKI, Finland – Amer Sports, the Finnish holding company of various sporting goods manufacturers, has decided that Mavic remains a part of the company. In a statement released yesterday Amer Sports says: “During the last months we evaluated several different options and have now reached the conclusion that a divestment of this business would not be in the shareholders best interest."

Instead Amer Sports will concentrate its efforts on further developing its cycling business. Amer Sports announced on September 1, 2009, that it is exploring strategic alternatives in respect of its cycling business Mavic and that this review could result in a divestiture of Mavic.

 

 

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