Hong Kong
APLF attracts around 12 000 visitors
The organisers said it was a “successful” return to Hong Kong in an edition “tempered by slow market demand”, which attracted around 12 000 buyers, with China and India topping the top 10 visitor countries
Signs of optimism at the close of APLF
The leather trade fair returned to Hong Kong from the 19th to the 21st of March, with most leaving with positive impressions despite some caution due to the challenging macro environment
Yue Yuen reports a decline in full year revenue and profit
In line with its previous quarterly results, the Hong Kong-based footwear manufacturer reported a 12% year-over-year decline in revenue and a 7.3% year-over-year drop in profits in 2023
Global leather industry to gather at the upcoming APLF 2024
From the 19th to the 21st of March, the world’s leather industry will gather in Hong Kong for the fair’s return home. Eyes will be the much-anticipated attendance from APAC and Chinese buyers
Footwear industry leaders meet to address challenges and seize opportunities
This year’s Global Footwear Executive Summit, which will be held at APLF 2024 in Hong Kong on the 20th of March, will address innovations in footwear production, materials and branding strategy
Stella Holdings full year revenue declines
The footwear manufacturer posted an unaudited consolidated revenue decline of 8.5% in 2023, on a comparable basis to the prior year, but posted a positive performance in the fourth quarter
Yue Yuen on a downward trajectory
The Hong Kong-based group recorded a decline in revenue and profits in the first nine months of the year, as compared to 2022, due to a weak performance of its manufacturing business
Demand for premium styles offsets the decline in Stella’s shipment volumes
The Hong Kong-based group posted its third quarter and nine months results, emphasising that the decline in shipment volumes was partially offset by an increase in average selling prices
APLF ASEAN brings the leather industry together to explore the region's potential
APLF ASEAN will return for a second edition from the 25th to the 27th of October 2023, at the Bangkok National Convention Centre, under the motto “ASEAN in Action”
Stella Holdings' profitability improved in the first semester
The Hong Kong-based manufacturer reported that has seen an improvement in profitability during the first half of 2023 driven by strong customer demand for luxury, fashion and sports products
Yue Yuen posts revenue and profits decline
The Hong Kong-based footwear group announced that this year's first half revenue declined by 11.8% year-over-year, while the profit attributable to its owners fell by 52.2% year-over-year
Yue Yuen issues profit warning
The group has informed its shareholders and potential investors that it expects a first half profit decline between 50% to 55% from the 175 million US dollars recorded in the same period of 2022
Stella Holdings posts a slight improvement in the second quarter
The Hong Kong-based footwear manufacturer posted a slower decline in its consolidated revenue and shipment volume in the second quarter of the year, as compared to the previous quarter
Yue Yuen first quarter revenue decreases
The Hong Kong-based group revealed that its early 2023 revenue has declined due to lower global footwear demand against a backdrop of “relatively high inventory levels” across the industry
Yue Yuen to invest 276 million USD in a factory in India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India-
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