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Stella reports first quarter revenue increase

The Hong Kong manufacturer and retailer of footwear and leather goods has announced its unaudited consolidated revenue increased by 15.3% to approximately US$303.4 million, compared to the unaudited consolidated revenue of approximately US$263.2 million for the corresponding period of 2020. This was mainly attributable to a low base, as the first quarter of 2020 was heavily impacted by the Covid-19 pandemic.


New owner for Clarks

A Hong Kong based private equity firm is to acquire a majority stake in the British footwear manufacturer and retailer.