Erke improves sales figures, but CEO still walks - sportstextiles: Lea SportsTextiles

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Erke improves sales figures, but CEO still walks

03/01/2013
Reports from China say sports brand Erke, part of the Hongxing manufacturing group, showed a big increase in sales revenues in its figures for the first half of 2012, but that the improvement in its fortunes was not enough to prevent the resignation of chief executive, Wu Rongzhao.

In the first six months of 2012, Erke achieved sales of more than $200 million, an increase of around 26% compared to the same period the year before. However, the company has been running at a loss for some time and has had to halt a retail expansion programme.


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