Athletic footwear manufacturing group Yue Yuen has reported revenues of $8.5 billion for 2021, an increase of 1% compared to the previous year.

The volume of shoes the group shipped during the year was 238.3 million pairs, representing a decline of 2.5% year on year. It said there had been a solid recovery in demand in the early part of 2021, but that this had been “neutralised” by pandemic-provoked lockdowns in Vietnam later in the year. 

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