Xtep International Hldgs Stock (OTC: XTEPY)

Xtep International Hldgs (OTC:XTEPY) Stock, Quote.Headers.trade-ideas

Xtep International Hldgs

Xtep International Holdings Ltd owns the Chinese sportswear brand XTEP. The company markets its brand as a stylish professional sports brand with a focus on running gear. Footwear accounts for more than half of the company's revenue. The remaining revenue comes from apparel sales. The company has thousands of XTEP retail stores in China that are primarily operated by the company's distributors or authorized retailers. It also sells online through its website and third-party e-commerce platforms. In addition to China, Xtep has distributors in the Middle East, Europe, and Southeast Asia.

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XTEPY

Key Takeaways:


	Xtep will sell KP Global, the owner of K-Swiss and Palladium, to Xtep’s controlling shareholders for $151 million through a series of transactions
	The foreign brands have racked up losses since the athletic apparel and shoe seller acquired them for $260 million in 2019


By Warren Yang

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