Columbia Buys Out China JV from Swire Resources
The Shanghai-based joint venture, which launched in Jan. 2014 with COLM owning 60% and Swire the other 40%, had 2017 sales of $168 million with low-teens operating margin. The transaction is expected to close in Jan. 2019. Terms were not disclosed. A 20-year term was initially envisioned for the venture, but Columbia is taking out Swire after five years, which is ... Log in to view full article.
