Luxury Brands and High-End Sportswear
Reuters reached out to Running Point and its chief investment officer, Michael Ashley Schulman, CFA for commentary regarding Amer Sports’s F-1 filing that morning and thoughts on how investors and the markets are likely to view its potential initial public poffering (IPO). Reporter Manya Saina covered the story in an article titled, “Wilson tennis racket maker Amer Sports files for US IPO.”
The article was also picked up by MSN, US News, Investing.com, The Globe and Mail (Canada), ArvoPaperi and SalkunRakentaja (Finland), Boursorama (France), Afaceri, News.ro and Profit.ro (Romania), and Money and Banking (Thailand), amongst others.
Amer Sports IPO,
As more luxury brands have been bought up by the likes of LVMH, Kering, PVH Corp., and Tapestry, investors may see shares of Amer Sports as a tempting alternative to get in on future high-end sportswear growth as well as an alternative or diversifier to brands like Moncler and Canada Goose. The company has a solid chance of faring well in a potential IPO debut.
Arc’teryx❄, Atomic⛷, Peak Performance🧥, Salomon🥾, and Wilson Sporting Goods Co.🎾
Amer Sports, with its global iconic brands — Arc’teryx, Atomic, Peak Performance, Salomon, and Wilson Sporting Goods Co. — revealed a 30% revenue surge in its filing to sell shares publicly in the U.S.
Which of these brands do you or have you used or owned?
Article quotes are below
“It skirts a dual role between luxury and high-end sports brands that investors may find appealing, especially as people continue to crave and spend on experiential trips and vacations,” said Michael Ashley Schulman, Chief Investment Officer at Running Point Capital Advisors.
“Investors may see Amer Sports as an alternative or diversifier to brands like Nike and Adidas,” Schulman added.
If you don’t do it this year, you will be one year older when you do
Warren Miller, talking about skiing🎿
Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Past performance is not indicative of future results. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-24-04
