All Arena articles
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ArticleDescente FY net rises by 14 percent, sales up 5 percent
The Japanese group reported a 14 percent increase in annual net profit to ¥12,014 million (€71.6m), exceeding guidance by 9.2 percent, and a 12 percent rise in operating income to ¥8,740 million (€58.0m) for the 12 months ended March 31. Gross margin improved by 210 basis points to 59.5 percent, ...
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ArticleDescente’s operating profit dips despite higher sales
Higher SG&A costs related to additional brand promotions contributed to a 12 percent decline in Q3 operating income to ¥6,434 million (€40.2m) at Descente. But higher athleticwear sales offset a decline in golf apparel sales and led to a 4.6 percent gain in total revenues to ¥90,100 million (€56.3m) for ...
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ArticleDescente’s operating profit dips due to absence of one-time gain
Descente, without the benefit of a one-time gain it had in Q1, realized a 15.2 percent decline in operating profit to ¥4.15 billion (€25.6m) despite a 4.9 percent increase in revenues to ¥60.0 billion (€370.5m) for the three months ended Sep. 30. Sales of athleticwear improved in the period, but ...
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ArticleDescente’s Q2 rises by 36 percent
Descente, benefitting from the consolidation of its Arena and Le Coq Sportif businesses in China and the equivalent of €17.6 million in non-operating income, reported improved sales and profits in Q2. Total revenues increased by 2.8 percent to ¥27,162 million (€181.9m) from ¥26,425 million for the period ended June 30. ...
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News briefsArena collaborates with Woolmark on beachwear collection
Arena has presented a new beachwear collection and collaboration with The Woolmark Company. The new product line for spring/summer 2024 was exhibited for the first time at the Pitti Uomo fashion show in Florence on June 13-16 in a special installation at the Giardino del Glicine. Each piece uses a ...
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ArticleDescente forecasts 9 percent FY23 operating income growth
Descente’s annual revenues of ¥120,614 million (€815.5m) in FY22 exceeded its Nov. 2022 forecast of ¥118,000 million as the company generated higher year-over-year sales in Japan, South Korea and China. The group realized significant profit improvement in both Japan and South Korea but lower year-over-year profits in China due to ...
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ArticleArena with best financial result in 50-year history
According to Fashion Network, Italy-headquartered international swimwear brand Arena, owned by Swiss investment company Capvis since 2014 and celebrating its 50th anniversary in 2023, has reported historic financial results for 2022. The company generated record sales of €141 million, up 45 percent from 2021 and up 13 percent from before ...
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C-Suite InterviewArena CEO Peter Graschi discusses turnover, sales and growth of the swimwear company
CEO Peter Graschi explains how Arena plans to expand its growth even further and why Arena has no difficulty with the shortage of skilled workers.
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ArticleDescente nine-month operating income jumps
Descente’s total sales increased by 12 percent to 86,099 million yen (€619.9m) in the nine-month period ended Dec. 31, 2022, leading to a 67 percent jump in operating profit to ¥7,300 million (€50.4m) versus ¥4,380 million. The net profit rose by 106 percent to ¥10,172 million (€70.2m). Besides its ...
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News briefs
Arena launches limited edition for FINA world championships, donates to Barrier Reef reforestation
With the launch of its new limited edition of race swimsuits for the 16th FINA world swimming championships (25 m) in Melbourne (from Dec. 13 to 18, 2022), Arena puts a spotlight on the endangered Great Barrier Reef. The Calypso Bay collection is inspired by the colors and fauna of ...
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News briefsArena launches racing suit made with recycled fabrics, approved by FINA
Arena has announced the launch of the Powerskin ST NEXT, a competitive swimsuit made from recycled fabrics. The suit’s exclusive design, inspired by the ocean, is meant to celebrate and promote sustainability. The ST NEXT is said to be lighter, faster and greener than its predecessor, the Powerskin ST 2.0. ...
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News briefs
Arena partners with Carvico on swimwear made from recycled plastic bottles
Arena is introducing a new iteration of its Arena One swimsuit developed with Sydney Eco, a polyester fabric made with 100 percent recycled yarn from post-consumer plastic bottles. The Sydney Eco has been developed by Carvico, a textile manufacturer with headquarters near Bergamo, Italy, specializing in performance fabrics for the ...
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News briefsDescente sees 12.4% sales gain as profitability improves
Descente, the Japanese sportswear company, saw sales in its financial year ended March 31 increase by 12.4 percent to 108,892 million yen (€815.1m), despite the fourth quarter being marked by new Covid-19 lockdowns in China and sluggish apparel sales due to the warm winter in South Korea. Sales of athletic ...
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News briefsNew sales manager for Arena Germany and Austria
Source: Arena Oliver Pfaff Italian swimwear specialist Arena has hired Oliver Pfaff as sales manager for Germany and Austria. Pfaff comes to Arena with a broad range of experience: For the last three years, he was head of key account management for the eyewear brand Marcolin; before ...
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News briefs
Fendi collaborates with Arena and Thélios
Fendi, the Italian luxury fashion house owned by LVMH, is entering the sport of swimming through a limited-edition collection of high-performance caps and goggles, with special packaging, developed in collaboration with Arena and Thélios. They will become available in January. The swim goggles and the caps are supplied by Arena. ...
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News briefsArena signs up a young Alaskan Olympic champion
Arena announced a sponsorship contract with Lydia Jacoby, the phenomenal 17-year-old Olympic breaststroke champion. It is described as the first such deal signed since the U.S. National Collegiate Athletic Association (NCAA) imposed its new NIL (name, image and likeness) rules last July 1st. Jacoby surprised everybody when she won the ...
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Article
Descente lifts profit outlook as sales, profits rebound in Q1
Descente raised its guidance for full year profits and maintained its outlook for sales after staging a strong recovery in the top and bottom lines in the first quarter ended June 30. As sporting events resumed, the Japanese sportswear company’s sales increased in the quarter by 44.5 percent to ¥22,481 ...
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News briefsA new Swiss chairman and CEO for Arena
A Swiss citizen, Peter Graschi, has been appointed as the new chairman and CEO of Arena by Capvis, the Swiss private equity firm that took over control of the Italian-based swimwear company in 2014. Starting on July 1, he has taken the place of Luca Selvatici, chairman and joint CEO, ...
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News briefsNew capsule from Arena pays tribute to Mark Spitz
Arena has dedicated a retro-style capsule collection of swimsuits, T-shirts and sweatshirts to Mark Spitz, the American swimmer who in 1972 won more gold medals than any other single athlete ever had at any edition of the Olympic Games – setting world-record times in all of those events. His record ...
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News briefs
Arena to launch plus-size swimwear
For autumn/winter 2021 Arena is introducing its first “plus sizes” – i.e., sizes 48 to 58 – into its collection of training swimsuits. As in previous seasons, the collection will be made of the company’s typical Maxfit and Maxlife materials. “Inclusivity,” says Arena’s director of consumer and trade marketing, Eva ...
