Chinese sports apparel retailer sees profits soar
27/08/2007
Belle International Holdings, a retailer specialising in sportswear and footwear has reported a 144.8% growth in profits and a 148.9% increase in turnover.
Profits totalled $135 million on turnover of $679 million for 2006.
Belle is the Fila Group’s principal partner in the People’s Republic; a joint-venture to market and distribute Fila products in China, Hong Kong, and Macau is 85% owned by the Chinese company. Belle is also in the process of buying out Fila in Hong Kong.
