Arc'teryx and Salomon Parent Company Loses 1.4 Trillion Won in Market Value in One Day

On March 3, Amer Sports Inc. (NYSE: AS) closed at $35.95 on the New York Stock Exchange, down 5.32%. Trading volume totaled approximately 4.52 million shares, wiping out about $1 billion in market capitalization (roughly KRW 1.4 trillion) in a single session and bringing its enterprise value to around $19.9 billion (approximately KRW 27 trillion).

Amer Sports recently reported third-quarter 2025 results, with revenue up about 30% year-over-year and net income surging over 160%, prompting successive upward revisions to its full-year revenue, margin, and EPS guidance. Bolstered by these robust results, the company earned recognition as Investors Business Daily’s “Stock of the Day” and “IPO Stock of the Week,” attracting growth-stock attention. However, it has recently experienced increased volatility near technical resistance levels amid tariff concerns and valuation pressures.

Founded in Finland, Amer Sports is a global sports and outdoor conglomerate owning premium brands such as Arc’teryx, Salomon, and Wilson. In 2019, it was acquired by a consortium led by China’s Anta Sports for about $5.2 billion and subsequently restructured to focus on premium technical brands. The company re-listed on the NYSE in February 2024 with an IPO price of around $13. Driven by a turnaround in profitability and growth prospects in China and direct-to-consumer channels, its shares at one point traded close to three times the offering price, solidifying its position as a leading global consumer growth stock.