Fila could be Anta Group’s biggest brand
Sports group Anta has published an update on its financial performance in 2020.
It said it anticipated that the full-year results for its Anta brand, when published, would show a “mid single-digit” decline compared to 2019, when it registered revenues of around $2.6 billion.
However, it said revenues for Fila are likely to have achieved double-digit growth in 2020. Fila’s revenues for 2019 were around $2.25 billion.
At worst, this means Fila’s revenues for 2020 could be on a par with Anta’s. It’s also possible that Fila’s results will exceed those of Anta and be the group’s biggest.