The largest sporting goods retailer in China is considering listing one of its brands.
Anta Sports – a brand often dubbed the “Nike of China” – is reportedly considering an IPO for Amer Sports, which owns sportswear and equipment brands including tennis racket maker Wilson and Louisville Slugger.
- In 2018, Anta bought Amer worth $5.2 billion.
- Anta is in preliminary talks with investment banks to facilitate a possible IPO.
- Amer could at least raise 1 billion dollars in the transaction.
- It could go public as early as 2023.
Lululemon Founder Chip Wilson – who is valued? $6.1 billion and owns at least a 20% interest in Amer $1.2 billion – pledged to help Amer expand its sales through direct-to-consumer channels. Anta seeks to make Amer a more globally recognized brand through a renewed focus on product and design.
Amer has a group of investors that includes as well Tencent and private equity company fountain vest.
financial status
Anta created a record $3.7 billion in revenue for the six months ended June 30, a 14% increase year over year. His Amer segment was released $1.4 billion Revenue for the six months increased 21% compared to the same period last year.
Amer’s growth was credited to strong sales outside of China and continued development in the country — despite this COVID Zero Strategy on consumer spending.
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