All articles tagged with #arcteryx
Arc’teryx faced criticism and issued an apology after a fireworks display in Tibet's Himalayan region, which was claimed to be environmentally friendly but sparked concerns over ecological damage and cultural insensitivity, leading to investigations and public backlash.
A fireworks display in the Himalayas, staged by Arc’teryx in collaboration with artist Cai Guo-Qiang, sparked environmental outrage, leading to a Chinese investigation and the company's public apology, amid criticism of its ecological impact and questions about sincerity.
Arc'teryx, a Canadian outdoor brand, apologized after a fireworks display in Tibet's Himalayas designed by Chinese artist Cai Guo-Qiang drew criticism for potentially harming the fragile ecosystem and contradicting the company's conservation values. The event, intended to raise awareness of mountain culture, was criticized for its environmental impact, leading Arc'teryx to review the project's effects and acknowledge the need for more responsible artistic expression. Cai also apologized and committed to assisting in the area's ecological recovery.
REI's Presidents' Day sale offers significant discounts on high-tech outerwear from brands like Arc’teryx, The North Face, and Patagonia, including items like the REI Trailsmith Beanies for $15, The North Face Tekware Pullover for $54, Patagonia Houdini Jackets for $64, Patagonia Down Sweaters for 50% off, and Arc’teryx Kyanite Fleece Jackets for $144. Additional outerwear sales from Carhartt, Arc'teryx, Merrell, The North Face, and Hoka are also highlighted.
Amer Sports' IPO fell short of expectations, with the company selling 105 million shares at $13.00 per share, far below the expected range of $16.00 to $18.00. The IPO raised $1.365 billion, well below the potential $1.6 billion to $2.0 billion. Analysts cite concerns over the company's close ties to China, particularly through its connection with Anta Sports, which acquired a 50 percent stake in Amer Sports in 2019. Arc’teryx, a brand under Amer Sports, has seen significant growth in China, raising worries about the company's reliance on the Chinese market.
Finnish athletic company Amer Sports, known for Wilson tennis rackets and Arc'teryx, debuted on the stock market with a 5% increase after pricing its IPO at $13 per share, raising $1.37 billion. The company's decision to discount its IPO came amid market uncertainty, and it aims to use the proceeds to improve its balance sheet and fund growth initiatives. Concerns about its ties to China and reliance on the region were also raised, but CEO James Zheng emphasized the importance of building a strong footprint in China while highlighting that North America and Europe remain its largest markets.
Amer Sports, the owner of outdoor clothing brand Arc’teryx, raised less than expected in its initial public offering (IPO), signaling a lackluster investor appetite for the Finnish company.