[ET Net News Agency, 21 September 2020] Anta Sports Products' (02020) 52.7%-owned Amer
Sports on 18 September announced senior management changes, including the resignation of
the current CEO, the appointment of a new CEO, creation of a new COO role, the formation
of an Executive Committee, and a focus on growth acceleration.
Goldman Sachs believes these changes should help drive efficiency improvements and
accelerate growth strategies at Amer Sports via Anta senior management team's direct
involvement with each brand.
In the recent earnings call, the research house said Anta highlighted their efforts to
share the experiences they have learned in China to deal with the Covid-19 impacts
regarding costs, inventory management etc, with Amer's management. The impacts of Covid-19
might also be a factor to drive deeper integration.
Goldman maintained its "buy" call on Anta, with a target price of HK$93. (KL)
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02020 ANTA SPORTS
Nominal 
90.000 +1.000 (+1.124%) Others
21/09/2020 15:18
{I-bank focus}Amer's management changes to lift efficiency
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