Fila’s parent company, Misto Holdings, has reported solid second-quarter results, with consolidated revenue rising 4.5 per cent year-over-year to 1.23 trillion won (US$888.8 million). 

Operating profit jumped 29.8 per cent to 181.9 billion won ($131 million), driven by strong performances across both the Misto and Acushnet segments.

The Misto segment posted revenue of 216.3 billion won ($156.3 million). The company continued to build on the momentum of Fila’s Echappe franchise with the launch of new product lines Peito and Panthera. 

The opening of the Fila 1911 Myeong-dong concept store in Seoul in April further strengthened the brand’s presence in Korea. Meanwhile, the company is expanding its footprint in Greater China, with Marithe Francois Girbaud opening its first Shanghai store in the Xintiandi district.

Acushnet, Misto’s golf equipment subsidiary, saw revenue rise 7.9 per cent year over year to 1.01 trillion won. The growth was led by continued demand for Pro V1 and Pro V1x golf balls, GT Series clubs, and Scotty Cameron putters. The brand reported balanced growth across the US, Europe and key Asian markets.

“Despite uncertainties in the external policy environment and adjustments in certain operating regions, strong brand competitiveness centred on Acushnet and the positive effects of restructuring certain overseas operations contributed positively to the company’s overall performance improvement,” said Ho Yeon (Aaron) Lee, CFO of Misto Holdings. 

“The Misto segment is also focusing on enhancing product competitiveness and improving distribution efficiency under its mid- to long-term strategy, while continuing to invest in and support balanced growth across our brand portfolio.”

Earlier this year, Fila Holdings rebranded as Misto Holdings to better reflect its diversified brand portfolio and global ambitions.