Fila USA, a global sports apparel brand with tennis roots, will scale down operations and lay off 130 Maryland workers in response to an expected decline in U.S. sales.
The Korean-owned sports apparel maker plans to lay off 112 employees at its Towson headquarters and another 18 at a warehouse in Curtis Bay in Anne Arundel County, the company said in a notice with the Maryland Department of Labor.
Fila Holdings, the parent company, said in a financial disclosure it plans to reorganize a business that’s been hurt by intense competition and other “unfavorable” conditions as it works to strengthen its financial structure and cash flow.
“In the short term, North American sales are expected to decline,” the company said in a November disclosure filed in Korea.
The brand had cut 54 jobs in November 2022, mostly at the warehouse. The current round of layoffs will take effect by March 30, the company said in its state notice on Wednesday.
The sports brand, founded in Biella, Italy, in 1911, was acquired in 2007 by former subsidiary Fila Korea, now Fila Holdings Corp. Under its current model, license holders around the world design and make Fila products for their markets.
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