China
adidas intensifies activities in China with Wand Group partnership
The Germany-based sports giants deepened commercial ties and agreed to cooperate on developing IRONMAN, football and basketball in China and worldwide
Chinese court orders New Balance to pay fine over trademark breach
A Chinese appeal court has ruled against the US sportswear brand for trademark infringements and ordered it to pay five million yuan as compensation to a Chinese company
Lenovo launches smart running shoes
During Lenovo’s Tech World event in San Francisco this past week, the company revealed a smart running shoe with most features a fitness tracker demands
Revenue up by 3.1% at Yue Yuen
One of the world's leading footwear manufacturers consolidated its total revenue during the first quarter of the current fiscal year
Michael Kors acquires Greater China licensee
The acquisition of Michael Kors (HK) Limited, the exclusive licensee of the Company in China, is now confirmed. The deal reached 500 million US dollars in cash, still subject to adjustments
Wenzhou and Li & Fung sign 80 million US dollars agreement
The footwear trade deal was announced at the end of the four-day trade promoting activity 2016 Hong Kong and Wenzhou Economic and Trade Investment Cooperation Week
Under Armour to take legal action against Uncle Martian
The US based sportswear brand is taking action against Chinese brand Uncle Martian for infringement of its logo
Alibaba’s strong performance
The China-based ecommerce giant finished the fiscal year on a very strong note, posting the fastest revenue growth in the last four quarters
China leather industry expected to keep on track
Moderate growth in revenue and profits is expected for 2016 according to CLIA, the China Leather Industry Association, notwithstanding the uncertainty in overseas markets which poses various challenges for exports
Brazilian Footwear identifies targets for next two years
This incentive program aimed at footwear exports and developed by Abicalçados and Apex-Brazil is renewed every two years since its implementation in 2000
Alibaba acquires controlling stake in Lazada
With this transaction Alibaba becomes a key player in online commerce in the Southeast Asia region
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