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German-headquartered Adidas AG has agreed to a settlement in its Rockport bankruptcy dispute. Adidas bought Rockport as part of its takeover of Reebok in 2005 and sold the brand a decade later. Rockport was placed in Chapter 11 bankruptcy protection in May of…
Struggling footwear retailer Rockport Group has been rescued from Chapter 11 bankruptcy by private equity company Charlesbank Capital Partners. Subject to approval by the US Bankruptcy Court of Delaware, Charlesbank’s subsidiary CB Marathon will acquire…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
The world’s largest branded athletic and casual footwear manufacturer and retailer Yue Yuen Industrial says retail and wholesale sales of sportswear in Greater China rose 19.6 per cent in the first nine months of this year, due to an expanding store network.…
Shoe marketer Stella International has reported increased sales in the second quarter on the back of growing demand for sports fashion footwear. In the three months to September 30, consolidated revenue from its China retail business and its manufacturing…
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