Hong Kong
Yue Yuen turns around
The company posted revenue growth of 1% to 8.53 billion US dollars over the full year 2021, as compared to the previous year, amidst a challenging operating environment
APLF to discuss the post-pandemic future of the footwear industry
The second edition of the Global Footwear Executive Summit, to be held on the 31st of March, will bring together top players of the industry to explore digitalization, pricing and sustainability strategies
APLF set to return in a special edition in Dubai
After an absence of two years since its last edition in Hong Kong, APLF returns to be held in the Dubai World Trade Centre (DWTC) from the 30th March to the 1st of April 2022
Stella posts growth over 2021
The Hong Kong-based footwear manufacturer and retailer has reported that its unaudited consolidated revenue for 2021 increased by 35.6% over 2020, reaching 1.54 billion US dollars
Pou Sheng strengths partnership with Nike in China
Yue Yuen’s retail subsidiary Pou Sheng International has boosted its cooperation with Nike to offer a more convenient and personalized omnichannel retail experience
Yue Yuen with revenue slowdown
The group has announced results for the first nine months of 2021. Growth slowed down in the third quarter due to disruptions in manufacturing operations in Vietnam and weak retail sales
Clarks CEO leaves after less than a year in the role
Víctor Herrero will now join Australian jewellery group Lovisa. The Melbourne-based group announced the appointment, saying Mr. Herrero would come on board as soon as COVID19 restrictions allowed
Li Ning to acquire Amedeo Testoni
Viva China Holdings Limited, the parent group of Clarks is consolidating its position in the footwear market, this time by acquiring Italian brand Amedeo Testoni. The deal should amount to 5.6 million euros
361 with new business update
The Board of the Hong Kong based footwear company has reported growth for the third quarter of the current year. The kids segment presented two digits growth
Special edition of APLF to be held in Dubai in 2022
Organisers announced that APLF-Leather and Materials+ 2022 will be relocated from Hong Kong to Dubai. The events will take place by the end of March 2022 at the Dubai World Trade Centre
APLF Leather 2021 rescheduled to March 2022
In order to allow greater international participation, the management of APLF and its sister Hong Kong events has taken the decision to reschedule the events to 2020, from the 30th of March to the 1st April
New business update from 361 Degrees
The Board of the Hong Kong based footwear company has provided an operational update for its business segments in regards to the group's business for the first quarter of 2021
Yue Yuen’s sales down by 16% in 2020
During the year under review, the group recorded revenue of 8.44 billion US dollars, representing a decrease of 16.4% compared with the previous year. The fall in revenue was mostly attributed to the impact of the COVID-19 pandemic
Revenue down by 26.5% in 2020 at Stella
The group’s consolidated revenue for the year ended on the 31st of December 2020 declined by 26.5% to 1 135 million US dollars, while shipment volumes for the year declined by 26.9% to 43.4 million pairs
Clarks: majority stake acquisition completed and new CEO named
The Hong Kong-based private equity firm LionRock Capital has completed its investment in Clarks. The deal, announced back in November, amounts to 100 million British pounds-
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