VANCOUVER, WA (BRAIN)—Pearl Izumi’s future with Nautilus appears to be in limbo.
Because of struggling first half sales numbers, Nautilus has decided to listen to offers for the sports apparel company.
“[We’re] shopping [Pearl] at this point, said Ron Arp, senior vice president of corporate communications with Nautilus. “[There was] less synergy in fitness than we expected.”
Nautilus is laying off about 140 workers, including roughly 80 from its corporate headquarters in Vancouver. When asked how many of those 140 were Pearl Izumi employees, and how Pearl’s business will be affected by this, Arp only responded that Pearl will be “minimally affected.”
Pearl Izumi marketing director Geoff Shaffer declined to comment on the possible sale of Pearl Izumi.
For more on this story, check out the November issue of Bicycle Retailer and Industry News. —Jason Norman