Belle buys domestic rival - footwearbiz: Leading site for global footw

News

Belle buys domestic rival

09/09/2013
China’s biggest retail footwear retailer, Belle International, has purchased a domestic rival to give it a self-owned label in the “high-end” casual brand market.

Longhao Tiandi owns the SKAP and other footwear and leather brands, according to a Belle statement, and was bought for $17 million.

The deal is expected to be completed in the first quarter of 2014.

Belle reported a rise in revenue to 17.8 billion yuan ($2.87 billion) for the first half of the year, from $2.6 billion a year ago.



Related stories:

Steadily-growing Belle predicts positive outlook for sports shoes in China 03/06/2015
China’s biggest footwear retailer predicts problems 29/10/2014

footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.