Home / Knowledge / News / Apparel/Garments / Chinese sportswear brand eyeing overseas acquisitions
Chinese sportswear brand eyeing overseas acquisitions
06
Nov '09
Chinese sportswear maker Exceed Company Ltd., which got itself listed in the bourses of the US this year, is working with a number of foreign brands in discussion of acquisition or cooperation.

The Group President and CEO Mr. Lin Shui Pan, divulged that executives of the company are looking for reaching some agreements with a number of high-end European and American brands to be sold in China.

Lin said that the company's brand "Xidelong" produces moderate-priced sportswear, shoes and ancillary products in China, the company will undertake expansion in China by raising funds in the United States.

The company plans to increase add 2,200 franchisee stores by 2011 to the current existing store count of 3,400 stores. All of newly added brands will be sold in franchised stores.

After some U.S brands, including Sharper Image, Linen's & Things, and Eddie Bauer, filed for bankruptcy protection last year, they have been up for sale.

Lin said that the 2008 profit of Exceed stood at $24 million and that the net profit growth of the company is expected to increase by at least 30 percent each year in the next three to five years.

Exceed Company Ltd. designs, develops and engages in wholesale of footwear, apparel and accessories under its own brand, 'Xidelong'. It is one of the leading domestic sports and leisurewear brands in China in terms of market share by sales revenue.

It has established a market leading position as one of the top five Chinese sportswear brands. Exceed has three principal categories of products: footwear, apparel and accessories.

Fibre2fashion News Desk

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search