Bags / Shoes & Accessories

On August 13, Wenzhou Daily reported:

Last month, the China Shoe Capital Footwear Sourcing Festival 2021 Fall/Winter Order Fair, the 2021 China Shoe Capital·Women's Shoes Fall/Winter Shoe Fair and the Shoe Menghui 2021 Fall/Winter Shoe Fair were held successively. Many high-quality shoe companies at home and abroad Gathering with buyers of well-known brands in Wenzhou, the number of orders has repeatedly hit new highs.

A total of 24 million pairs of orders were placed at the three major trade fairs, and the total transaction amount exceeded 2.4 billion yuan.

A set of data shows that there are more than 5,000 enterprises and more than 500,000 employees in the upstream and downstream industry chain of Wenzhou's footwear industry. The annual production of various types of shoes exceeds 1 billion pairs, with an annual output value of 40 billion yuan.

After the big waves and scouring of the market, the current Wenzhou shoe companies are undergoing gorgeous changes and are constantly upgrading to smart manufacturing.

"Shoe companies are no longer in the form of'artificial stitching and hand-made glue'. We have changed some technical positions with higher process requirements to robots, and the effect of intelligent transformation is obvious." Pan Jianzhong, president of the City Shoes and Leather Industry Association, introduced With the continuous improvement of manufacturing quality, even if the global epidemic spread last year, it could not stop the enthusiasm for overseas orders.

Adidas intends to sell Reebok at a loss

The transaction may be completed in the first quarter of 2022

Adidas recently said that it has reached an agreement with Authentic Brands Group (ABG) to sell sports shoes and sporting goods brand Reebok (Reebok) at a price of up to 2.1 billion euros (about 2.5 billion US dollars).

According to a report from the US financial website CNBC on August 12 local time, Adidas is selling the troubled sports shoe manufacturer and sportswear company Reebok to ABG. ABG has acquired numerous bankrupt brands, including Brooks Brothers, Aeropostale and Forever 21.

According to reports, Adidas stated in a press release that Reebok's acquisition is expected to be completed in the first quarter of 2022. Most of the purchase price will be paid in cash upon completion of the transaction. Adidas also stated that it will share most of the transaction proceeds with shareholders when the transaction is completed.

Xtep responded that Lei Jun wears his own shoes: no endorsements are involved

On August 9th, at the 2021 Beijing News Shell Finance Summer Summit, Zhu Ding, vice president of Xtep brand, said that after Lei Jun sent a call for sponsorship of domestic trendy shoes, we interacted with Lei Jun. The shoes were sent to Lei Jun, and then Lei Jun put on Xtep shoes. There was no endorsement involved.