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 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X