Tag: China Dongxiang

Focuses on business development in China; Continues to implement the multi-brand strategy

For the FY2020/21 Q1, the retail performance of Kappa stores (excluding Kappa kids’ apparel business and Japan business) for the overall platform registered a mid-to-low single-digit decrease on a year-on-year basis, of which the offline business recorded a low-teen decrease and the e-commerce business recorded a mid-to-low thirties growth.

The Group registered revenue of RMB1,841 million for the Reporting Period, representing year-on-year growth of 12.6%, while the net profit attributable to equity holders of the Group was RMB366 million. Basic earnings per share decreased by 14.9% to RMB6.25 cents.

Reform of Direct-franchise Model Achieves Initial Success Core Team Optimisation Continues

Fully Support in Fighting Against the Novel Coronavirus Accelerate Online Business Development

The retail performance of the overall platform for the First Nine Months of FY2019/20 registered a low-teen growth on a year-on-year basis, of which the off-line business recorded a mid-to-high single-digit growth and the e-commerce business recorded a low-forties growth.

For the FY2019/20 Q2, the retail performance of Kappa stores (excluding Kappa kids’ apparel business and Japan business) for the overall platform registered a mid-teens growth on a year-on-year basis, of which the off-line business recorded a high single digit growth and the e-commerce business recorded a mid-to-high-fifties growth.

The leading international sportswear brand enterprise in the PRC, China Dongxiang (Group) Co., Ltd. (“China Dongxiang” or “the Company”, together with its subsidiaries, “the Group”, HKEx stock code: 3818) is pleased to announce that it has appointed Huang Zitao, a well-known celebrity and fashion icon in China, as its brand ambassador for Kappa, an internationally renowned fashion sportswear brand.