Lululemon is expected to open approximately 55 new stores globally in the 2023 fiscal year, with the majority of them planned for China.
Integrating four years of data to illuminate global investment trends in the sports and outdoor sector.
GIC’s ownership stake in Li-Ning has increased from 4.81% to 5.11%.
Li-Ning’s latest performance fell short of expectations, causing the stock price to drop by over 20%.
From August 2, 2023, to August 17, 2023, Luxe.CO Sports & Outdoor Brand List section of the magazine has compiled a total of 33 latest developments from 28 sports and outdoor brands/companies in the Chinese market.
ANTA Group’s net profit surges by 40% in the first half of the year!
Both of these brands originated from the small southeastern town of Annecy, located at the foothills of the Alps in France. However, there is a 62-year difference in their respective histories.
Nike, adidas, Under Armour, On, ANTA, and Li-Ning, among these six major sports brands, have all been consistently focusing their efforts on top-tier products, particularly in the realm of technologically advanced footwear.
In the second quarter, PUMA’s sales increased by 11.1% year-on-year to 2.121 billion euros, and the Asia-Pacific region achieved growth of 24.4%.
The Greater China region recorded a remarkable 24% year-on-year growth, which, when calculated at a fixed exchange rate, increased by 31%. This growth played a pivotal role in leading the Asia-Pacific region to achieve a further 13% overall increase.
