August 24, 2021
Net income attributable to shareholders of RMB 3,840 million ($594 mm), up 132% from RMB 1,658 million for the first half ended June 30, on revenue that was up 56% to RMB 22,812 million ($3,529 mm) over RMB 14,669 million.
Net income attributable to shareholders was HK$66,084,000 ($8.5 mm) in the first half, up from just HK$757,000 a year ago, as revenues expanded 72% to HK$741,658,000 ($95.5 mm) from HK$430,952,000.
The ratings agency said that ABG’s acquisition of Reebok from Adidas will have no immediate effect on its B2 corporate family rating and stable outlook, but the full balance sheet impact is not yet known.
On the heels of last week’s news that the licensing juggernaut had reached exclusive trading card deals with the MLB, NFL and NBA players associations, Sportico reported that the NBA will also switch to Fanatics.
Thirty-four trade organizations, including the SFIA and AAFA, have sent a letter to Treasury Secretary Janet Yellen and United States Trade Representative Katherine Tai, asking the administration to relaunch trade talks with China.
The Santa Cruz, CA-based retailer is closing its last store, in the Capitola Mall, according to local news site GoodTimes, put under by the state’s Covid restrictions and difficulty getting merchandise due to the industry’s supply chain issues.