This acquisition will drive Kit and Ace towards a future marked by strengthening strategic plans, expanding market share, increasing brand activities, enhancing product supply, and augmenting resource investment.

Since the beginning of this year, the company’s stock has experienced a significant increase of nearly 33%. As a result, the current market value stands at approximately ¥684.1 billion.

The North Face brand achieved outstanding performance in the Greater China region during the fourth quarter, with sales increasing by nearly 40%.

Wealthy consumers are still flocking to buy Lululemon’s tops, yoga pants, and shorts, boosting both online and brick-and-mortar store traffic.