Exceed Company, the Chinese firm that owns the Xidelong brand of sports clothing and footwear, has delayed its financial report for 2011 and its fourth quarter, which was scheduled to come out on April 2, until the end of this month
2012-04-05T00:00:00+01:00
Exceed Company, the Chinese firm that owns the Xidelong brand of sports clothing and footwear, has delayed its financial report for 2011 and its fourth quarter, which was scheduled to come out on April 2, until the end of this month
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The sporting goods group will pay down debt at a premium while announcing its Q4 earnings date for Feb. 24.
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The multi-brand group now owns 51% of Guess’s IP whilst management retains full operational control, making the fashion brand Authentic’s second-largest asset.
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The €1.5 billion all-cash deal makes the Chinese giant PUMA’s largest shareholder.
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