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Wilson - 2 Bryan Gildenberg - 1 Amer - 1 Salomon - 1 Sellers - 1 China's - 1 Amer's - 1 James Zheng - 1
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Search resuls for: "Anta Sports"


7 mentions found


☆ Anta Sports has right strategy for China; growth is 'underappreciated'
  + stars: | 2024-03-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnta Sports' China strategy makes 'enormous amount of sense', but its growth is 'underappreciated'Bryan Gildenberg of Retail Cities says that Anta Sports' "complex portfolio" is "better suited" to the Chinese economy as compared to Nike, Starbucks or Apple, which have "fairly singular approaches" in product and demand offerings.
Persons: Bryan Gildenberg Organizations: Retail Cities, Nike, Apple Locations: China
☆ Amer Sports losses narrow as China sales fuel holiday-quarter revenue growth
  + stars: | 2024-03-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +5 min
In fiscal 2023, the company lost $208.8 million, but its losses narrowed from $230.9 million in fiscal 2022. Between 2020 and 2022, Amer grew sales in the region from 8.3% of total revenue to 14.8%. Sales in Greater China jumped by 45% and all three of the company's segments saw "solid growth." In 2023, sales in Europe, the Middle East and Africa represented about 33% of total revenue, down from 36% in 2022. North America made up about 39.5% of sales in 2023, down from 42.4% of sales in 2022.
Persons: Wilson, Amer, Salomon, Sellers, China's, Amer's, James Zheng, Zheng, it's Organizations: Amer Sports, New York Stock Exchange, Lousiville Slugger, CNBC, Wall, FountainVest Partners, Anamered Investments, Revenue Locations: Amer, New York City, U.S, China, Wilson, Louisville, Helsinki, Finnish, Greater China, Asia, Europe, East, Africa, North America, APAC
☆ The founder of Lululemon is spending $100 million to try to beat the super rare disease that's destroying his muscles
  + stars: | 2023-10-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +3 min
Lululemon founder Chip Wilson is battling FSHD, a rare form of muscular dystrophy. He's investing $100 million into finding a cure through his venture philanthropy fund, Solve FSHD. AdvertisementAdvertisementLululemon founder Chip Wilson has been battling a rare muscular disease for the past several decades, and he's funneling $100 million of his multibillion net worth into finding a cure. Wilson suffers from an even more uncommon form called FSHD2 that impacts just 5% of those with the disease, Bloomberg noted. Solve FSHD did not immediately respond to Insider's request for a comment.
Persons: Chip Wilson, FSHD, He's, Wilson Organizations: Morning, Bloomberg, FSHD Society, China's, Anta, Products, Amer Sports
☆ Samsonite’s baggage is heavy with geopolitics
  + stars: | 2023-09-12 | by ( Thomas Shum | ) www.reuters.com   time to read: +4 min
Of the restless group, luggage maker Samsonite International (1910.HK) has the least financial reason to mull a move. The $5 billion U.S. and Luxembourg-based company was one of the first Western companies to list in Hong Kong. Sales from Asia - Samsonite’s most profitable region – accounted for almost 40% of the total in the first half of 2023. Reuters Graphics Reuters GraphicsFrom a liquidity point of view too, Samsonite has had a better experience in Hong Kong than other international arrivals. That’s better than other international consumer brands that boast similar levels of prestige.
Persons: Andrew Kelly, Tim Parker, Samsonite, Kyle Gendreau, CK Hutchison, It’s, Calvin Klein, Prada, ” Gendreau, Una Galani, Katrina Hamlin Organizations: Woodbury, REUTERS, Reuters, Global, Samsonite, HK, Reuters Graphics Reuters, Prada, Swire Pacific, CK, Bloomberg, Thomson Locations: Central Valley , New York, U.S, HONG KONG, Hong Kong, mull, Luxembourg, Asia, New York, Washington, Beijing, China
☆ What China's resilient big spenders are buying and the stocks that benefit
  + stars: | 2023-07-16 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
That's approximately how large China's "premium" consumer population is – and it's a "huge" opportunity for higher-end sportswear by foreign companies, according to Bernstein. By U.S. standards, it doesn't take much to be considered premium in China. Adidas and Nike are like Benz, BMW, the highest end, he said, while the other brands are like Audi or Toyota. For Nike and Adidas, even their lowest price is two times that of local competitors, the Bernstein analysts said. However, focusing only on the premium growth segment can overlook the fact that many of China's consumers still live in smaller cities.
Persons: Bernstein, Aneesha Sherman, Li Ning, Irving, Miao Kun, –, Hoka, — CNBC's Michael Bloom Organizations: . Census, Anta Sports, Wednesday, basketball, Adidas, Nike, Benz, BMW, Audi, Toyota, Management, P Locations: China, That's, U.S, Hong Kong, Beijing, Thursday's, Germany, eyeing, Shanghai, Chengdu
☆ Baijiu is fiery palate cleanser for Hong Kong IPOs
  + stars: | 2023-04-17 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +3 min
HONG KONG, April 17 (Reuters Breakingviews) - Hong Kong could use a shot of something. Yet compared to the $313 billion Shanghai-listed behemoth Kweichow Moutai (600519.SS), debutante ZJLD is a drop in the near-$100 billion baijiu industry: it logs less than 1% market share. At the top of the marketed price range, ZJLD could be worth $5.4 billion, or almost 24 times this year's forecast earnings, IFR reports. Revenue at the company, which will be the first baijiu distiller to list in Hong Kong, was up a healthy 15% last year, while its adjusted net profit margin topped 20%. For Hong Kong, consumer stocks will put the focus back onto classic risks.
☆ China is easing its Covid measures. Here’s how market pros are playing it
  + stars: | 2022-11-15 | by ( Zavier Ong | ) www.cnbc.com   time to read: +4 min
China announced a shortening of its quarantine requirements last week, while simplifying travel rules and adjusting its monitoring regime. China has stood firm on its zero-Covid policy even as countries around the world adopt a "live with the virus" approach. Fund manager Brian Arcese believes the market reaction reflects the "underlying fundamentals that earnings will really start to improve." Meanwhile, Arcese, who is a portfolio manager at Foord Asset Management, said the firm has a China exposure of about 20%. It should benefit from the re-opening of China as tourism gradually recovers to pre-Covid levels," he added.
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