According to the agreement, the joint venture will be founded in April this year in Changshu City, Jiangsu Province, with Goldwin holding a 65% share and SGAR holding 35%.

After the capital increase and delivery, Sanfo Outdoor will shift from exclusive agency to joint venture operation for Klättermusen, starting from January 1, 2024, with a joint venture period of ten years.

Saucony became the first profitable new brand under the Xtep Group in the first half of 2023.

These three companies were co-founded by Salvatore Ferragamo and Chinese-Hong Kong entrepreneur Peter K.C. Woo.

Over the past two years, Baozun has remained Hunter’s e-commerce partner in China, effectively aiding in driving online business growth and sustained profitability.

Yatsen BioTech will be held by COSMAX with a 51% stake and Yatsen Global with a 49% stake.

In 2022, Klättermusen demonstrated impressive performance in the Chinese market, achieving a sales revenue of 50 million Yuan, representing a remarkable year-on-year growth rate of over 1000%.

ELLASSAY Group collaborates with the former Vice President of Canada Goose to establish a joint venture company for a down jacket brand.

The two companies will collaborate to develop eyewear retail business in the Gulf Cooperation Council (GCC) region.