Company type | Public company |
---|---|
SEHK: 1368 | |
Industry | Sports equipment |
Founded | 2001 |
Headquarters | , China |
Area served | Worldwide |
Key people | Ding Shui Po (chairman) |
Products | Footwear, apparel, accessories [1] |
Subsidiaries |
|
Website | xtep |
Xtep | |||||||
---|---|---|---|---|---|---|---|
Simplified Chinese | 特步 | ||||||
Traditional Chinese | 特步 | ||||||
|
Xtep International Holdings Limited is a Chinese sportswear company based in Xiamen,Fujian. [2] Established in 2001,the company has been traded on the Hong Kong Stock Exchange since 2008. [3]
Xtep engages mainly in the design,development,manufacturing,sales,marketing and brand management of sports equipment,including footwear,apparel,and accessories. Xtep is a leading professional sports brand with an extensive distribution network of over 6,300 stores covering 31 provinces,autonomous regions and municipalities across the PRC and overseas. [4] [5] In 2019,Xtep had further diversified its brand portfolio which now includes four international brands,namely K-Swiss,Palladium,and the Chinese rights to Saucony and Merrell. Xtep is a constituent of the MSCI China Small Cap Index,Hang Seng Composite Index Series and Shenzhen-Hong Kong Stock Connect.
The appointment of Hong Kong movie star Nicholas Tse as Xtep's spokesperson in 2001 marked the precedent of entertainment star spokesmanship among sports brands in Mainland China. The sales of "Fire Shoes" products reached 1.2 million pairs in a few months.
In 2015,Xtep embarked on a journey as a professional sports brand with a focus on running. From 2015 to date,Xtep has remained as the sportswear sponsor of the highest number of marathons in Mainland China. It has also sponsored numerous world-famous international sports teams,athletes,celebrities and variety shows.
Xtep adopted a multi-brand strategy in 2019. On 4 March,Xtep entered into an agreement with Wolverine World Wide Inc.,a designer,marketer and licensor of a broad range of world's leading footwear and apparel brands,to form a joint venture to carry out the development,marketing and distribution of footwear,apparel and accessories under the Merrell and Saucony brands in Mainland China,Hong Kong and Macau. [6] On 1 August,Xtep completed the acquisition of K-Swiss Holdings,Inc. which holds globally renowned brands,K-Swiss and Palladium,for a cash consideration of US$260 million (approximately HK$2.03 billion). [7] [8]
In August 2019,Xtep signed on famous Asian American basketball player Jeremy Lin as spokesperson,marking its foray into the basketball business realm. Xtep also unveiled its "Basketball Product Co-Creation Plan" to come up with basketball products via product co-creation. [9]
After previously supplying then-Premier League side Birmingham City and La Liga side Villarreal in 2010 and 2014 respectively,Xtep left the major football scene in 2017 and focused on other sports,mainly in running. In mid-2018,Xtep returned again to the football scene by signing a contract with Saudi Professional League side Al-Shabab ahead of the 2018–19 season in a reported three-year contract. [10] On 13 October 2019,Egyptian Premier League side Al Ittihad Alexandria announced Xtep as their new official kit supplier until 2022,replacing German company Uhlsport. [11]
In May 2024,Xtep announced that it would sell the K-Swiss and Palladium brands to Ding Shui Po,its controlling shareholder and chairman. [12]
Swire Group is a highly diversified global conglomerate with its parent company being John Swire &Sons Limited that holds controlling stakes in a range of businesses trading in the UK,USA,Australia,Papua New Guinea,East and West Africa,and across Southeast Asia. The Group's businesses are arranged into groups:property,aviation,beverages and food chain,marine services,and trading and industrial.
Sneakers (US) or trainers (UK),also known by a wide variety of other names,are shoes primarily designed for sports or other forms of physical exercise but which are also widely used for everyday casual wear.
Saucony is an American brand of athletic footwear and apparel. Founded in 1898,the company is owned by Wolverine World Wide. Products commercialised by Saucony include footwear and clothing ranges,such as athletic shoes,jackets,hoodies,T-shirts,sweatpants,shorts,and socks. Accessories include hats and backpacks.
Wolverine World Wide,Inc. or Wolverine Worldwide,is a publicly traded American footwear manufacturer based in Rockford,Michigan. The shoemaker is known for its eponymous brand,Wolverine Boots and Shoes,as well as other brands,such as Hush Puppies,Chaco,and Merrell. The company also manufactures licensed footwear for other firms,such as Caterpillar and Harley-Davidson. In 2012,Wolverine World Wide added Saucony,Keds,Stride Rite and Sperry Top-Sider to its list of brands,after acquiring the Performance Lifestyle Group of Collective Brands in a $1.23 billion transaction that also involved the sale of Payless ShoeSource and Collective Licensing International to private equity firms Blum Capital Partners and Golden Gate Capital.
K-Swiss,Inc. is an American athletic shoe brand based in Downtown Los Angeles. It was founded in 1966 and is currently owned by Chinese sports equipment manufacturing company Xtep.
Diadora is an Italian sportswear and footwear manufacturing company based in Caerano di San Marco (Veneto),subsidiary of Geox,founded in 1948. Diadora produces football boots and athletic shoes,as well as a range of apparel that includes t-shirts,polo shirts,hoodies,jackets,leggings,shorts,and compression garments. Diadora also commercializes football balls in the US market. In 2020,Geox filed for bankruptcy in Canada.
Esprit Holdings Limited is a global publicly traded retail company incorporated in Bermuda,with headquarters in North Point,Hong Kong,and further major locations in Ratingen,Germany;Amsterdam,Netherlands;and New York City. The company offers an assortment of clothing,accessories,footwear,jewelry,and housewares under the Esprit label.
Merrell is an American manufacturing company of footwear products. It was founded by Clark Matis,Randy Merrell,and John Schweizer in 1981 as a maker of high-performance hiking boots. Since 1997,the company has been a wholly owned subsidiary of Wolverine World Wide. Products currently commercialized by Merrell include hiking boots,athletic shoes,sandals,jackets,knit caps,gloves,t-shirts,hoodies,shorts,and socks. Other accessories include backpacks,stuff sacks,and bags.
Li-Ning Company Limited is a Chinese sportswear and sports equipment company founded by former Olympic gymnast Li Ning. The company endorses a number of athletes and teams worldwide.
China Dongxiang (Group) Company Limited is a Chinese company listed on the main board of the Stock Exchange of Hong Kong. It is engaged in the design and sales of sports apparel and footwear in Asia. It owns all the rights to Kappa products in China,while Phenix products are marketed in Japan.
Belle International Holdings Limited is a women's shoe retailer in China,with 22% of the domestic market share. It is engaged in the manufacturing,distribution,and retail sales of footwear products. As of its IPO in May 2007,the company had 3,828 retail outlets in 150 cities in China and 35 in Hong Kong,Macau and the US.
Anta Sports Products Limited is a Chinese sports equipment multinational corporation headquartered in Jinjiang,China. It is the world's largest sports equipment company by revenue and third-largest manufacturer of sporting goods overall,behind Nike and Adidas.
Pou Sheng International (Holdings) Limited,or Pou Sheng International,is a sportswear retailer in Mainland China under the brand of YYsports. In 2008,Pou Sheng International was spun off from its parent company,Yue Yuen Industrial Holdings,and listed on the Hong Kong Stock Exchange with its IPO price of HK$2.93 per share. Its brand portfolio of footwear as Nike,Adidas,SKECHERS,PUMA,Converse,etc.
ERKE is a sportswear brand owned by the Chinese company HongXing Erke Group. The brand specializes in footwear and sportswear and has sponsored major sports icons within the Chinese Olympic team. Erke was also the official kit sponsor for the Korea DPR national football team.
Kellwood Apparel is an American apparel manufacturer. Founded in 1961,Kellwood's portfolio of Women's,Juniors,and Girls' apparel includes Parker,Devlin,Briggs NY,Democracy,Jax,Rewind,My Michelle,and licensed brands. Kellwood became an affiliated company of Sun Capital Partners,Inc. in February 2008. In December 2016,Kellwood Company was acquired by an unnamed Hong Kong investor group for an undisclosed amount.
Skins,stylized SKINS,is an Australian manufacturing company founded in 1996 that designs and produces compression garment for athletes and sports enthusiasts. After filing for bankruptcy in 2019,the company was acquired by Hong Kong-based holding Symphony,which owns rights over the "Skins" brand.
G-III Apparel Group is an American clothing company that designs,manufactures,markets,and sells women's and men's apparel with a global portfolio of licensed,owned,and private label brands,including DKNY,Donna Karan,Karl Lagerfeld,Calvin Klein,Tommy Hilfiger,Vilebrequin,Nautica,Halston,G.H. Bass,Levi's,Champion,Major League Baseball,National Basketball Association,National Football League,and National Hockey League.
Swire Resources is a Hong Kong retail company specialising in sports apparel,swimwear,and footwear. It is a wholly owned subsidiary of Swire Pacific,itself a subsidiary of Swire Group.
Accent Group is an Australian and New Zealand footwear and clothing retail,wholesaling and distribution company. It has more than 800 retail stores,along with 19 brands,and more than 20 online platforms.
Palladium Boots is a French footwear brand best known for its lightweight cotton canvas boots. It is owned by Xtep.