Peak’s parent posts stable sales, but a tremendous drop in profit
Following the profit warning issued in January, IC Companys, the Danish owner of Peak Performance and a wide range of fashion labels, has presented the figures for the first six months of its fiscal year: Consolidated turnover was stable at a level of 2,105 million Danish kroner (€283.2 million). As predicted and reported before, the...
Peak Performance’s owner issues profit warning
IC Companys, the Danish group that owns Peak Performance and ten fashion labels, has issued a profit warning after it was hit by warm weather and weak consumer spending. It reported flat sales and a decline of nearly 45 percent in its operating profit for the first half of its fiscal year, until the end...
Adidas manager becomes boss of Peak Performance
Effective May 1, Henrik Bunge will be the new chief executive of Peak Performance. The 38-year-old currently acts as the managing director of Adidas Group Nordic. Adidas has yet to name a successor to Bunge. The appointment of Bunge at Peak Performance came after the Swedish brand had recruited Tobias Sachs for the position of...
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