Net income declined 7% at the Chinese apparel manufacturer last year, tallying RMB 5,825,262,000 ($815.5 mm) against RMB 6,240,581,000, while revenue was up 8% to RMB 30,993,732,000 ($4,339.1 mm) over RMB 28,662,938,000.

Net income attributable to shareholders at the Indonesian retailer more than doubled in the final quarter to IDR 558,872 million ($33.9 mm) from IDR 252,378 million, on 12% higher revenues of IDR 5,334,637 million ($323.8 mm) against IDR 4,764,545 million.

The 5.11, Boa, Primaloft, and Velocity Outdoor parent is divesting the food service business of its subsidiary, SternoCandleLamp Holdings, to Archer Foodservice Partners for $292.5 million, with the proceeds going to pay down debt.

Hsuan Boon Tan, who was most recently head of legal and compliance at Scott’s parent Youngone, joins Pascal Ducrot in Switzerland as co-CEO’s of the bike brand, succeeding Juwon Kim, who is returning to South Korea.

The luxury skiwear brand closed a $2 million equity sale to Krane Capital LLC at a share price of $0.33, a 75% premium over its close last Friday, and landed a $10 million revolving credit facility.