Mammut’s global responsibilities in the SARS-CoV-2 pandemic

WE CARE as framework in dealing with suppliers and retailers

Seon, May 11, 2020 – Mammut and its business partners around the globe are facing challenging times with tough decisions due to the SARS-CoV-2 pandemic. Through its purchasing, supply chain and product teams, Mammut is in a close dialogue with its suppliers. Adrian Huber, Head of Corporate Responsibility Mammut Sports Group AG states: “We are aware of and very concerned by the critical situations, many of our suppliers but also retailers face at this very moment.“

The Mammut WE CARE sustainability strategy provides a robust framework to cope with the situation. Accordingly, Mammut has developed a set of principles to assess the individual issues in a responsible manner:

  • No cancellation of any orders, where production has started or has been completed
  • No supplier is left with unpaid goods
  • Taking responsibility for any left-over materials to use them
  • Offering retailers extended payment terms, also to enable them to take fresh stock
  • Implement measures at supplier level to avoid the spread of the infection

In mutual agreement with suppliers, Mammut has postponed products to Summer 2021 and cancelled not yet started orders. This helps to keep the cancellation rate as low as possible at below 5% of the average annual purchase value. “As our retailers are also struggling, we do ask in some cases for extended credit from suppliers to help support our retailers,” says Adrian Huber. Mammut is an active member of Fair Wear Foundation and wants to support the most vulnerable in the supply chain and takes responsibility to go together through this crisis.

 

More information about Mammut WE CARE can be found here:

Mammut WE CARE: https://www.mammut.com/ch/de/cat/230/we-care/

Mammut Stories: https://www.mammut.com/ch/de/stories/

 


 

Change to the Board of Directors of Conzzeta AG

Zurich, December 9, 2020 – The Board of Directors of Conzzeta AG has taken note that Michael König will not be available for re-election at the forthcoming annual general meeting on April 21, 2021.

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Further step towards strategic transformation

Zurich, November 10, 2020 – Conzzeta reports the signing of a binding agreement to divest its FoamPartner business unit to Recticel, the Belgium specialist in polyurethane chemistry, headquartered in Brussels and listed on Euronext (REC), for an enterprise value of CHF 270 million. The closing of the transaction is expected in the first quarter 2021, subject to regulatory approval.

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Conzzeta Capital Markets Day: Bystronic to push innovation and market positions

Zurich, November 10, 2020 – Ernst Baertschi, Chairman of the Board of Directors of Conzzeta, will host today’s virtual Conzzeta capital markets day. Conzzeta Group CEO Michael Willome will provide an update of the Group’s strategic transformation. Bystronic CEO Alex Waser with part of his management team will present Bystronic’s strategy.

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