Latest news with #MistoHoldings
Fibre2Fashion
30-06-2025
- Business
- Fibre2Fashion
South Korea's Misto unveils 2024 ESG report under new brand identity
Misto Holdings announced today the release of its sixth annual sustainability report for 2024 and the first under its new brand identity, following its name change earlier this year. Reflecting the company's renewed brand identity of Redefining Boundaries , the report outlines Misto's key strategies and execution frameworks across three ESG pillars: Resilient Planet, Empowering Society, and Responsible Governance. In its latest report, the company adopted a Double Materiality Assessment aligned with the International Sustainability Standards Board (ISSB) and European Sustainability Reporting Standards (ESRS), identifying key sustainability issues, including climate action, sustainable product expansion, chemical management, greenwashing prevention, and supply chain management. Misto Holdings released its 2024 sustainability reportâ€'its first under the new brand identityâ€'detailing ESG strategies across planet, society, and governance. Highlights include expanded Scope 3 emissions data, circular product launches, strengthened supplier compliance, global social initiatives, and a 158.7% rise in shareholder returns, reinforcing its renewed sustainability commitment. In the Environmental (E) section, Misto expanded its Scope 3 greenhouse gas emissions disclosure categories from four to five, and, for the first time, disclosed emissions data across its supply chain. Biodiversity risk assessments were also conducted at key entities in South Korea, Mainland China, and Italy. Circular economy initiatives included the upcycling campaign Return to Care , reuse of sample materials into shoe risers and floor mats, and the official launch of FILA Re:Deuce —a sustainable product line under the FILA brand. In the Social (S) area, Misto strengthened supply chain compliance through the introduction of third-party audits and held 25 supplier sustainability roundtable meetings and trained 27 suppliers in sustainable management practices. The company, along with Misto Korea and the FILA Museum Foundation, demonstrated strong social commitment through global initiatives such as Türkiye earthquake relief, support for underserved youth, and psychological care for cancer patients. From a Governance (G) standpoint, Misto Holdings delivered notable progress to enhance shareholder value. Total shareholder returns in 2024 increased 158.7% year-over-year, with a payout ratio of 201.2%. Since last year, the company has strengthened cross-organizational alignment and execution by establishing 'Global Compliance Network,' an internal task force composed of compliance officers from Misto Holdings and its major subsidiaries, to share group-wide sustainability initiatives and strategies. A Misto Holdings representative stated, 'With our recent name change, we are embracing our corporate responsibility for a sustainable future with greater responsibilities,' adding, 'We will continue to strengthen ESG management with unwavering determination and company-wide accountability to deliver real results and achieve sustainable growth.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Fibre2Fashion
20-05-2025
- Business
- Fibre2Fashion
South Korea's Misto Holdings Q1 FY25 revenue rises 4.6% to $892.8 mn
South Korea's sports apparel company Misto Holdings, formerly Fila Holdings, has reported a consolidated revenue of 1.24 trillion won (~$892.8 million), up 4.6 per cent year-over-year (YoY) in the first-quarter (Q1) of 2025. The company's operating profit rose to 162.7 billion won (~$117.15 million). Misto Holdings has reported a revenue of 1.24 trillion won (~$892.8 million), up 4.6 per cent YoY in Q1 2025, with operating profit at 162.7 billion won (~$117.15 million). Acushnet divisions' revenue rose 8.7 per cent on strong golf product sales. The Misto division saw 215.7 billion won in revenue, driven by domestic footwear and online DTC growth. It continues investing in brand value. By business segment, the Acushnet division recorded revenue of 1.02 trillion won, up 8.7 per cent YoY maintaining a solid position based on strong sales of new Pro V1/Pro V1x and continued momentum in golf clubs. Meanwhile, Acushnet delivered improved performance in Q1 despite rising raw material prices, weakening consumer sentiment, and policy uncertainties such as US tariffs, Misto Holdings said in a press release. The Misto division posted revenue of 215.7 billion won, supported by strong domestic footwear sales and diversification of online DTC channels, even amid economic downturn. The company is making multifaceted efforts to enhance brand value over the long term, including strengthening product competitiveness and increasing marketing investment. Fila's footwear franchise, particularly the Echappe series and the traction from the 2030 consumers increased significantly, receiving a positive response in the market. Misto group's diversified brand business portfolio—including royalties and joint ventures—also continues to show steady performance. 'Despite global policy uncertainties such as US tariffs and weak consumer sentiment at home and abroad, sustained growth within our diversified business portfolio supported our overall business performance growth. Misto group will continue to focus on performance improvement and brand value enhancement,' said Ho Yeon (Aaron) Lee, chief financial officer (CFO) at Misto Holdings. Fibre2Fashion News Desk (SG)
Yahoo
17-05-2025
- Business
- Yahoo
Fila Parent Company Misto Holdings Reports Q1 Revenue Gains Despite Tariffs
Fila parent company Misto Holdings delivered growth in the first quarter despite the ongoing uncertainty around U.S. tariff policies. According to the South Korean company, consolidated revenue in Q1 2025 increased 4.6 percent to 1.24 trillion won from the same time last year. Operating profit in the first quarter was 162.7 billion won. More from WWD Asics Saw 'Significant Growth' in Sportstyle, Performance Running Sneakers in Q1 Birkenstock's Not Worried About Tariffs - Here's Why Dillard's Reports Drop in Net Income, Sales in Q1 The company noted the growth in Q1 was 'backed by strong performance of its U.S. golf subsidiary despite difficult macroeconomic conditions.' By business segment, the Acushnet division, the company's U.S. golf subsidiary, recorded revenue of 1.02 trillion won, up 8.7 percent compared to the same period last year. Misto noted that the division maintained a solid position based on strong sales of new Pro V1/Pro V1x and continued momentum in golf clubs. Acushnet also delivered improved performance in the first quarter despite rising raw material prices, weakening consumer sentiment, and policy uncertainties such as U.S. tariffs. Golf balls—used by 75 percent of professional tours worldwide and 68 percent of tour winners—along with clubs and gear, continued to show year-over-year growth, serving as a key driver of performance. The Misto division, which includes the Fila brand, posted revenue of 215.7 billion won in Q1. The company said the sales figure was supported by strong domestic footwear sales and diversification of online direct-to-consumer channels, even amid economic downturn. The company added that it's making multifaceted efforts to enhance brand value over the long term, including strengthening product competitiveness and increasing marketing investment. This can be seen in Fila's footwear franchise, particularly the Echappe series, received a positive response in the market. Ho Yeon (Aaron) Lee, chief financial officer of Misto Holdings, said in a statement that despite global policy uncertainties such as U.S. tariffs and weak consumer sentiment at home and abroad, sustained growth within its diversified business portfolio supported the company's overall business performance growth. 'Misto Group will continue to focus on performance improvement and brand value enhancement,' Lee said. This news comes as Misto Holdings has undergone some changes in recent months. In April, shareholders agreed to rename the company from Fila Holdings Corp. to Misto Holdings as part of a larger refocus on the business. The company said at the time that the change aimed to 'further solidify its position as a global brand portfolio company' citing that its previous name was closely associated with the Fila brand, which led to a 'limited perception' of its broader portfolio and global brand management role. (In addition to Fila, Misto Holdings also manages brands such as Titleist, FootJoy, Scotty Cameron and many others.) In fiscal 2024, the company saw consolidated revenue reach 4.27 trillion won, a 6.5 percent year-on-year increase from 2023. Originating from the sportswear brand Fila, founded in Italy in 1911, Misto Holdings acquired Fila's global business in 2007 and became a publicly traded entity on the Korean stock market in 2010. In 2011, the company expanded further with the acquisition of Acushnet Holdings Corp., home to premium golf brands such as Titleist, FootJoy, Scotty Cameron, Kjus and Vokey. Best of WWD Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Crocs Collaborations From Celebrities & Big Brands You Should Know Sign in to access your portfolio
