All China Dongxiang articles

  • News briefs

    BasicNet reacquires the Kappa brand in Japan

    2020-09-22T16:57:00Z

    China Dongxiang has agreed to sell the rights to the Kappa brand in Japan for $13 million. BasicNet plans to give a major boost to brand’s development in the country, where Kappa generated sales of $30 million in 2019 through Phenix and its licensees. China Dongxiang ...

  • News briefs

    BasicNet buys back Kappa Japan from China’s DongXiang

    2020-07-31T17:14:00Z

    BasicNet has signed a deal to reacquire the Kappa brand in Japan from the Chinese group DongXiang for $13 million. The company said the deal is limited to intellectual property assets and does not include any related business unit and should take place “in the coming months.” ...

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    Article

    Many Chinese sportswear brands issue sales warnings for Q2

    2020-07-24T11:02:00Z

    As a result of lockdown restrictions implemented in China and elsewhere during the Covid-19 pandemic, several Chinese sportswear brands have released profit warnings for the second quarter of 2020. Xtep warned that retail sell-through dropped by low-single digits in the quarter. It also has higher-than-usual inventories. The group ...

  • Article

    Kappa lifts China Dongxiang’s sales, despite the pandemic

    2020-06-18T10:32:00Z

    The recent introduction of a direct-franchise model, designed to ensure a sufficient supply of products in the stores through bulk orders of merchandise, lifted the Chinese sports company’s revenues, which were up by 12.6 percent on a comparable basis in the new financial year ended on March 31, reaching 1,841 ...