Hong Kong
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
Hong Kong: APLF Fairs reschedule to November 2021
The Organisers of APLF announced today that the APLF-Leather, Materials+ and Fashion Access will be rescheduled from the 5th-7th July 2021 to the 17th-19th of November 2021. The events will take place, as usual, in Hong Kong
Li Ning’s unit Viva China to acquire majority stake at Clarks
The Chinese gymnast-turned-businessman Li Ning is about to take control of the British shoemaker less than a month after Clarks sold a majority stake to the Hong Kong-based private equity firm LionRock Capital, of which Li is Non-Executive Chairman
How is COVID-19 impacting the footwear industry in different countries?
With the world fast approaching 100 million cases of infected people and with vaccination now in place in several countries, we did a round of conversations with footwear associations across the world to understand what the current situation of the footwear industry is in their countries, and to learn where and in what conditions are footwear stores open
Hong Kong: business as usual for the footwear industry
The situation in Hong Kong “is very much under control”, according to William Wong, Vice President of the Hong Kong Footwear Association, who told us the latest about the impact of COVID-19 in the region
The world’s most expensive cities
Paris and Zurich re-join Hong Kong at the top of the latest ranking of the world's most expensive cities, according to the latest information by The Economist
361 provides operational update
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the third quarter of 2020
APLF fairs rescheduled to July 2021
The Organisers of APLF, announced that the 2021 edition of APLF-Leather, Materials+ and Fashion Access will be rescheduled from the 30th of March to the 1st of April 2021 to the 5th to the 7th of July 2021 at the Hong Kong Convention and Exhibition Centre
Yue Yuen with 136.7 million US dollars loss
The world's largest shoe manufacturer has been badly hit by the COVID-19 pandemic. Yue Yuen has posted a net loss of 136.7 million US dollars for the first half of 2020, which compares to net income of 165.9 million US dollars for similar period in 2019
361 with decline in sales
The Board of the Hong Kong based footwear company has provided operational updates for its business segments referring to the second quarter of 2020
Stella's revenue down by 16% in quarter one
One of the largest footwear manufacturers reported first quarter revenue down by 16%. Stella was also impacted by the outbreak of the Covid-19 in China and diffusion across the world
Yue Yuen expects 70 million US dollars loss for the quarter
The China-based footwear manufacturer and retail corporation is predicting a loss for the quarter that can reach 70 million US dollars as a result of the Covid-19 crisis-
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