Sports brand secures $60m in funding - sportstextiles: Lea SportsTextiles

News

Sports brand secures $60m in funding

24/04/2009

China-focused venture firms Legend Capital, Sequoia Capital China and the investment arm of China Construction Bank, CCB International, have invested $60 million in sports products manufacturer Fujian Peak.

The funding will be used for research and development, brand promotion and recruitment, according to the company

Fujian Peak, which was founded in 1989, currently runs more than 5,100 retail outlets across China and expects to achieve sales revenue of around $150 million in five years.

Sportstextiles.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.