Amer Sports aims to score another group winner after Fila jackpot
Amer Sports, spun off from Anta Sports, went public on the New York Stock Exchange on Feb. 1 Key Takeaways: Amer Sports reported revenue growth of 61% last year in…
FAST NEWS: 361 Degrees profit surges on high-value new products
The latest: Sportswear retailer 361 Degrees International Ltd. (1361.HK) said on Monday it expects to report a profit of 930 million yuan ($131 million) or higher for 2023, up 25% or more…
FAST NEWS: 361 Degrees’ kids products post strong fourth-quarter gains
The latest: Sportswear retailer 361 Degrees International Ltd. (1361.HK) announced that retail sales for its core brand grew 20% in last year’s fourth quarter, according to a business update released on Tuesday. Looking up:…
Xtep makes big leap with takeover of Wolverine joint venture
The sports shoe maker will buy out its joint venture that holds rights to the Saucony and Merrell brands in China Key Takeaways: Xtep will buy out its Wolverine China…
Li Ning buys Hong Kong building for overseas expansion, flipping out investors
The sportswear brand is paying $283 million for a North Point area building that will become headquarters for its non-Mainland operations Key Takeaways: Shares of Li Ning tumbled 14% after…
Anta Sports takes its game to Southeast Asia
A store opening in Bangkok marks the latest milestone for the sports apparel giant’s quest to tap international markets Key Takeaways: After setting up a Southeast Asian department just last…
Guirenniao trades in fading sports brand for grains
The well-known sports name called it quits after years of losses, ending a once-remarkable run fueled by demand from China’s growing middle class Key Takeaways: Guirenniao will wind down its…