pou

Pou Sheng issues profit warning

Published: November 2, 2022

Pou Sheng, the retail subsidiary of Yue Yuen, has warned of a severe decline in profits due to weak consumer sentiment and Covid restrictions.

New Chairman for Pou Sheng

Published: September 8, 2022

Pou Sheng, a subsidiary of Yue Yuen Industrial Holdings, has announced the appointment of a new Chairman.

Pou Sheng boosts retail partnership with Nike in China

Published: January 13, 2022

Pou Sheng International has announced the next stage of its partnership with footwear and sportswear brand Nike in the form of retail operations in China.

Employees strike at Pou Chen factory

Published: January 10, 2022

Thousands of employees have gone on strike at a factory in southern Vietnam belonging to the footwear manufacturer, which supplies brands such as Nike and Adidas.

Pou Chen suspends Vietnam production due to Covid-19

Published: July 20, 2021

Footwear manufacturer and leading contractor to international brands such as Adidas and Nike, Taiwan’s Pou Chen Corp has suspended operations at its plant in Ho Chi Minh City on account of a Covid-19 outbreak in Vietnam’s business hub as of July 14, 2021. Shares in Pou Chen closed down 1.3% on the same day the announcement was made.

Pou Sheng sets up coronavirus epidemic response committee

Published: March 4, 2020

The Hong Kong headquartered footwear manufacturer said it will take some time for operations and production efficiency of the Group’s production bases in China to gradually return to its full scale and normal operation.

Privatisation of Pou Sheng International cancelled

Published: April 12, 2018

The proposal to privatise China’s sportswear retailer, Pou Sheng International, is reported to have been cancelled as over 10% of the shareholders voted against the proposal.

Higher revenue but lower profit for Yue Yuen

Published: March 27, 2018

Hong Kong headquartered Taiwanese footwear Group, Yue Yuen, has posted revenue of US$9.12 billion in 2017, representing a +7.6% increase year-on-year but profit attributable to owners of the company declined -2.9%.

Yue Yuen to sell stake in Chinese footwear retailer

Published: January 22, 2018

Leading branded footwear manufacturer, Yue Yuen Industrial Holdings, is to sell its stake in the Chinese footwear retail chain as part of a privatisation plan.

Vietnam increasingly attractive for shoe manufacturers

Published: November 23, 2015

Shoe manufacturers and leading contractors to international brands such as Adidas and Nike are moving their production to Vietnam as China’s rising employment costs pull down profits.