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Rossignol Bought Out

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RamblinMan
Posts: 156 - Karma: 127
there has been a report that just came out that Rossignol is going to be bought by a private investor called Altor. the deal was made for $196 million dollars and will be finallized by fall. Altor plans on expanding the brands outerwear line since the sale of ski equipment has gone down the past few years.. What are your thoughts?
Aug 16 2013 11:36AM
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FigNewton
Posts: 2459 - Karma: 5,783
Hopefully it turns out good. Rossignol has always made quality stuff.
Aug 16 2013 11:38AM
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SkiBum.
Posts: 3604 - Karma: 3,973
Hopefully they bring back Rossi Powairs and grind plates. Half this site may be to young to remember that...
Aug 16 2013 11:55AM
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VD.
Posts: 4054 - Karma: 4,565
Link to article/source?
Aug 16 2013 12:20PM
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kvan
Posts: 3086 - Karma: 1,225
Guess I better stock up on fkses
Aug 16 2013 12:22PM
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d00d
Posts: 2687 - Karma: 7,086
So does this mean they won't be making anymore fks bindings? That would be a shame.
Aug 16 2013 12:26PM
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DeRizzo
Posts: 3827 - Karma: 3,485
This would suck
Aug 16 2013 12:33PM
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Miomo
Posts: 4302 - Karma: 14,135
http://www.altor.com/

Unfortunately, they seem like people who would cater to the gaper side of skiing.
Aug 16 2013 12:39PM
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d00d
Posts: 2687 - Karma: 7,086
By looking at that website those guys mean business Jesus
Aug 16 2013 12:59PM
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EastShoreDrive
Posts: 188 - Karma: 862
How did this jump from an acquisition announcement (which happened in July) to Rossignol no longer making FKS bindings? This will probably end up helping Rossi in the long run. They will have access to more working capital and have some help on the management side of things. Altor doesn't look to be a private equity chop shop. Plus this brings the Boix-Vives (who sold it to Quicksilver in 2005) back on board as minority partners. I see this as a win for Rossi and the ski community. Don't worry about the FKS, it shouldn't be going anywhere.

Information is at the very bottom of this page -- http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=5844171
Aug 16 2013 1:42PM
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Pastucka
Posts: 408 - Karma: 936
Rossignol has been bought and sold so many times it's hard to keep track.
Aug 16 2013 1:49PM
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Pipe_Munky
Posts: 10888 - Karma: 2,184
the entire rossignol group needs an overhaul and i really hope this new investor is able to do that.

from my experiance working in shops, i've seen rossi/dynastar/lange practically "give away the farm" when it comes to incentives to retailers. everything from massively deep discounts and heli/cat trips to free ski/boot setups to the entire hardgoods staff. i know of a lot of shops that are currently in huge amounts of debt to them and can't afford to pay it all up front and that's just not a good way keep yourselves afloat financially.

don't get me wrong, i went to whistler on rossignol's dime and at one point i owned 6 pairs of dynastar skis and lange boots. they just kept giving me free shit so i didn't care. i just hope they stop bouncing from one owner to another every couple of years.
Aug 16 2013 1:54PM
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250r
Posts: 2276 - Karma: 1,013
well lets hope not, i dont want to have to buy 4 pairs of bindings at once again haha
Aug 16 2013 1:55PM
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baaangthat
Posts: 2245 - Karma: 2,587
This is the company that brought Helly Hanson back into the mix...partnered with Bain Capitol...i think its safe to safe this is a positive. rossi needs a shot of energy and there is going to be a huge budget to help that happen now
Aug 16 2013 2:03PM
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freeskibum82
Posts: 6355 - Karma: 5,057
you said bain.. uh oh.. all the ski hippy liberals are gonna get you now!

i believe this is a great move and hopefully rossi can build a great team going forward now!
Aug 16 2013 3:14PM
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Session
Posts: 5404 - Karma: 22,511
You mean where the money is?
Aug 16 2013 3:15PM
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Mr.Bishop
Posts: 22714 - Karma: 76,758
Those were so sketchy.
Aug 16 2013 3:22PM
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rsvp
Posts: 1516 - Karma: 2,611
where did you get that from?
Aug 16 2013 3:31PM
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RamblinMan
Posts: 156 - Karma: 127
http://www.saminfo.com/news/altor-buy-rossignol
Aug 16 2013 3:44PM
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d00d
Posts: 2687 - Karma: 7,086
In the OP it says "Altor plans on expanding the brands outerwear line since the sale of ski equipment has gone down the past few years.." Which means their priority and concerns are directed towards the clothing/outerwear they will be producing and not their ski equipment and last time I checked fks bindings fall under ski equipment. So I was inferring from that, there could be a chance of no more production of a fks binding.
Aug 16 2013 3:49PM
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Session
Posts: 5404 - Karma: 22,511
Stop talking out your ass.
Aug 16 2013 4:05PM
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d00d
Posts: 2687 - Karma: 7,086
I simply read the op and that's what I got out of it. Instead of giving me a snide remark why don't you point out where I'm wrong and for there to be no chance of what I said to happen. I hope am completely wrong.
Aug 16 2013 4:10PM
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Nate.Dog
Posts: 1672 - Karma: 2,098
You are, just because they are expanding one portion of the company doesn't mean they're throwing the other parts (hard goods) out the window just because sales are down from a couple "eh" winters
Aug 16 2013 5:06PM
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d00d
Posts: 2687 - Karma: 7,086
Thank you I just didn't see that. I read it wrong, and I realize it now. +k
Aug 16 2013 5:48PM
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Bromium
Posts: 181 - Karma: 2,145
We think the Rossignol brand has huge potential in apparel and we would like to develop ranges that people can wear both in ski resorts and cities," Rossignol group chief executive Bruno Cercley told Reuters. hmmmm interesting... ( got that from this : http://www.saminfo.com/news/altor-buy-rossignol )
Aug 16 2013 6:43PM
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tcurle
Posts: 1262 - Karma: 5,307
Most compies are owned by bigger corporations
K2 own line, Wilson owns atomic etc
Aug 17 2013 12:48AM
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jabroni.
Posts: 662 - Karma: 235
gaper skiers are where the moneys at.
Aug 17 2013 1:53AM
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shr@gler
Posts: 1233 - Karma: 912
Fucking stupid, The market is flooded with outerwear! why in the fuck would anyone buy rossignol jackets and pants. Stick to what you're good at. Make better equipment, try push and progress the market you are strong in!
Aug 17 2013 10:15AM
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coldsmoke20
Posts: 239 - Karma: 108
I remember my pair!
Aug 17 2013 3:59PM
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tomPietrowski
Posts: 7256 - Karma: 18,392
Wilson owns Atomic do they. Not quite but you are right in that a bigger brand, amer, owns both Wilson and atomic as well as arc teryx, salomon, mavic and a few more.
Aug 17 2013 4:23PM
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tomPietrowski
Posts: 7256 - Karma: 18,392
It's not that flooded at least not when you look outside of the tall brands. If you look how well salomon do with there clothing side especially the summer stuff and the footwear it's not that surprising that Rossi want a piece of that market.
Aug 17 2013 4:25PM
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dun.Can
Posts: 503 - Karma: 1,500
They own helly hanson too... Seems like their gonna buy the whole ski industry
Aug 17 2013 9:54PM
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VD.
Posts: 4054 - Karma: 4,565
I'd say either Jarden or Amer will still own more of the industry than Altor will after the takeover.

Amer - Salomon, Atomic, Arc'teryx, Volant

Jarden - K2, Volkl, Marker, Line, Full Tilt, Marmot

Altor - Helly Hansen and Rossignol
Aug 18 2013 4:32AM
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Maximumsushi
Posts: 7837 - Karma: 3,354
And that's without looking at the snowboarding side of things like Burton and Quiksilver (who once owned Rossignol)
Aug 18 2013 5:54AM
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VD.
Posts: 4054 - Karma: 4,565
As far as I'm aware following the sale, the Rossi group will just be Rossi, Look, Dynastar and Lange. But this last year, whole group sales were ~3.2 mil, I'm sure Salomon and Atomic for Amer or K2 sports for Jarden will be pulling more.
Aug 18 2013 6:41AM
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geosom
Posts: 157 - Karma: 1,643
again?
Aug 18 2013 7:00AM
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STAUSS
Posts: 8232 - Karma: 3,311
the powairs changed the game.
Aug 18 2013 11:21AM
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