Fenix Outdoor International AG reported a challenging third quarter marked by a 21 percent decline in external sales in the branded segment, which fell to €47.4 million from €59.8 million in the previous year. Despite this, the company saw a 4 percent increase in the operating income for its brand segment, reaching €19.8 million.
Fenix’s brand portfolio includes well-known names like Fjällräven, Tierra and Royal Robbins, which faced obstacles in major markets, especially in the Americas, where sales dropped 30 percent to €16.0 million due to the strategic closure of underperforming stores.
Read the full story in our sister publication, The Outdoor Industry Compass.
