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    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 ...

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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 ...