01 Jordan Sports plans to acquire Umbro's Chinese business for RMB 440 million
On May 6, a Beijing Business Daily reporter learned from Umbro's official website that the American brand management company Iconix Brand Group Inc (Aconis ) has reached an agreement with investment company HK Qiaodan Investment (Hong Kong Jordan Investment Co., Ltd.) to sell its sports brand Umbro's China business.
It is reported that the transaction includes all Umbro China shares owned by Aconis and Umbro's brand intellectual property rights in China, which will be able to bring US$62.5 million (about RMB 440 million) in cash income to Aconis . The transaction is expected to be completed on September 15, 2020.
information shows that Hong Kong Jordan Investment Co., Ltd. was established in 2009 and is a shareholder of Jordan (Xiamen) Industrial Co., Ltd. with a proportion of 25%, and also belongs to Jordan Sports Co., Ltd.
Umbro was founded in the UK in 1924. In 2008, Nike acquired Umbro for 285 million pounds, and then sold Umbro to Aconis for 225 million US dollars. Aconis acquired 50% of Umbro China's equity for US$56.4 million from Umbro China's partner Novel Fashion Brands Limited, which achieved full control of Umbro China.
(Source: Professor of Shoe Industry)
02 CoachThe latest quarterly report of the parent company
The epidemic caused sales to decline by 19.4% year-on-year
Coach brand parent company, American light luxury group Tapestry Inc., announced its third quarter financial report for the 2020 fiscal year (as of March 28, 2020). Due to the epidemic, the group's net sales fell 19.4% year-on-year to US$1.073 billion. Jide Zeitlin, Chairman and CEO of
Tapestry Chairman and CEO, said: "Sales are in good shape at the beginning of the year, but the global outbreak of the new crown epidemic has had a huge impact on performance. We are actively taking action to prepare for the company's development after the end of the epidemic.
Due to the epidemic, more than 90% of Tapestry's stores have shortened their business hours in the third quarter or suspended their business. In order to reduce the losses caused by the epidemic, the group decided to reduce the losses caused by the epidemic. Starting from May 1, about 40 North American stores will resume business and provide contactless pickup services to consumers.
Group said that stores in mainland China, South Korea and other countries that were first affected by the epidemic have resumed business, and sales are gradually recovering. Because of this, they are more convinced that as the epidemic in various countries gradually stabilizes, sales will gradually return to their previous levels. However, as this epidemic has caused a huge blow to the global economy, it may take some time to restore sales to their previous levels.
(Source: Hualizhi)
03 DKNY parent company
double sales and profit growth in the last fiscal year
and American designer brands Donna Karan, DKNY and G-III, a parent company of brands such as Vilebrequin, recently announced that in the fourth quarter of fiscal year 2019/20 ended January 31, net sales reached US$754.6 million, a slight decline of 1.6% from US$766.8 million in the same period last fiscal year; net profit reached US$25.3 million (€23.5 million).
diluted earnings per share is approximately US$0.52, exceeding Wall Street expectations, and a 5% increase from US$24.1 million (US$22.43 million, diluted earnings per share recorded in the same period last year; and adjusted earnings per share reached US$0.75. Morris, CEO of
G-III Group "We are continuing to reorganize our retail business with a focus on reducing the number of stores we manage and working to take practical measures to reduce the losses in the retail business as quickly and effectively as possible. ”
G-III Group also holds franchise rights to the Calvin Klein, Tommy Hilfiger and Karl Lagerfeld brands. Due to the uncertainty brought by the current COVID-19 pandemic, G-III did not provide financial expectations for the new fiscal year, but the company announced that it will provide more relevant information when releasing its first-quarter results.
(Source: Hualizhi)
04 Taiwan Shoe Making Yuqi made a new profit in the first quarter
Revenue reached 2.773 billion yuan
outdoor functional shoe manufacturer Yuqi-KY (9802) had a revenue of 2.773 billion yuan in the first quarter of 2020, an annual increase of 7.6%, and a net profit after tax of 354 million yuan, a record high in the same period. Looking ahead to the future market, the company said that the shipment of spring and summer models has come to an end, and the shipment status is roughly in line with expectations. However, the COVID-19 epidemic has indeed affected brand customers' willingness to place orders and the momentum of pulling goods, so it has a conservative view on autumn and winter shoe orders.
Yuqi-KY mainly engages in OEM and R&D of hiking shoes, sports shoes, outdoor shoes, , leisure shoes and other shoes. It currently has more than 40 internationally renowned brand customers, and the revenue of the top ten customers accounts for 75-80%. Currently, the company's operating headquarters is located in Douliu City, Yunlin County, and its production base is selected in Fujian, Hubei, Vietnam and Cambodia. In terms of
production capacity, China, Vietnam and Cambodia accounted for 27.7%, 43.2% and 29.1% of the first quarter production capacity, respectively, and non-China production capacity accounted for more than 70%, while Cambodia surpassed China for the first time. In terms of sales regions (designated destinations for brand customers), Greater Europe's first quarter revenue reached 1.23 billion yuan, accounting for 44.4%, while the Greater America market reached 1.03 billion yuan, accounting for 37.1%.
Yuqi-KY's first quarter revenue was 2.773 billion yuan, a quarterly decrease of 19.88% and an annual increase of 7.57%. Benefiting from the improvement of production efficiency of new production lines and changes in product portfolio, the gross profit margin reached 23.8%, an annual increase of 4.2 percentage points, a profit rate of 12.9%, an annual increase of 2.7 percentage points, a net profit after tax of 354 million yuan, an annual increase of 72.5%, and an annual increase of 2.02 yuan, far better than 1.34 yuan in the same period last year.
(Source: Lianshang.com)
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