Bloomberg: Lululemon founder may join bid to buy Amer Sports

By Steve Frothingham

HELSINKI (BRAIN) — Bloomberg is reporting that Chip Wilson, the founder of yoga apparel brand Lulemon Athletica Inc., is set to join the investor group that is trying to buys Amer Sports, which owns Mavic, Enve and other brands.

According to Bloomberg, Wilson may take about a 20 percent state in a consortium led by China-based Anta Sports Products. Bloomberg said sources tell it that the group and Amer could announce a takeover agreement in the next few weeks.

Wilson stepped down from Lulemon’s board in 2015, two years after resigning as chairman.

Amer is exploring selling Mavic and Enve; it’s not clear how a potential sale of the entire company to the Anta group would affect those plans. Amer’s other brands include Salomon, Arc’teryx, Peak Performance, Atomic, Suunto, Louisville Slugger, Wilson and Precor. Amer expects 2018 annual sales of more than $2 billion. Its market value is about $3.9 billion.

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Via:: Bicycle Retailer and Industry News