
The industry has suffered a loss of approximately €1 billion as ski lifts and cable cars have been shut down in French resorts, with “the worst yet to come” according to industry association Union Sport et Cycle.
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The industry has suffered a loss of approximately €1 billion as ski lifts and cable cars have been shut down in French resorts, with “the worst yet to come” according to industry association Union Sport et Cycle.
French mountain sport equipment group Rossignol has announced that Vincent Wauters, the former CEO of footwear brand Hunter, will take over in December from its CEO Bruno Cercley, who will remain group president.
The French group, a mountain sports equipment specialist, has announced a streamlining of its industrial operations and a cost-cutting programme, putting 92 jobs at risk.
In early August, the French sport apparel and equipment group sold the two brands, which it had bought in 2016, to Raidlight’s co-founder Benoît Laval.
The French group, controlled since 2013 by Scandinavian investment fund Altor, has sold a minority stake to the leading foreign investment firm in China, where Rossignol is keen to expand.
The French sport group, owned by Norwegian investment fund Altor and led by Bruno Cercley, announced it started exclusive negotiations to buy the Norwegian outdoor and sportswear brand.
French snowsports firm Rossignol is to buy US-based Felt Bicycles that has annual sales of more than $60m, the company said on Friday. It reflects a growth trend in the cycling sector that is also impacting fashion.
Private equity fund Altor plans to buy ski maker Rossignol and use its experience turning round Norwegian clothing brand Helly Hansen to help the French company push into ski wear, Rossignol's chief executive said.
Sports apparel maker Quiksilver Inc said on Wednesday it agreed to sell its Rossignol business to a group led by Rossignol's former CEO for 100 million euros ($147 million), sending its shares up as much as 15 percent.