May 11, 2018
The extension will provide RMB 2.2 billion of Swoosh apparel, footwear and equipment and RMB 800 million in cash over the 10-year term to China’s highest division of professional soccer consisting of 16 teams.
Globeride’s comprehensive net income surged 80% for the fiscal year ended Mar. 31 to ¥4,259 million ($39.3 mm) from ¥ 2,365 million on revenues that increased 8% to ¥85,785 million ($791.7 mm) from ¥79,142 million.
The Luxottica-owned retailer is partnering with Bass Pro Outdoor World as the exclusive seller of sunglasses in Bass Pro Shops and Cabela’s locations and on their e-commerce platforms.
April was another strong month for Yue Yuen, with sales gaining 6.7% to $853,256,000 up from $799,884,000, and Pou Sheng retail sales surged 28.1% to $353,866,000 from $276,178,000.