Chinese President Xi Jinping’s choice of a US$1,000 parka to protect him against the cold as he inspected venues for the 2022 Winter Olympics and Paralympics this week triggered a nearly 10 per cent one-day rise in the stock price of China’s Anta Group, which owns the coat’s Canadian brand, Arc’teryx. Photo: Xinhua Chinese President Xi Jinping’s choice of a US$1,000 parka to protect him against the cold as he inspected venues for the 2022 Winter Olympics and Paralympics this week triggered a nearly 10 per cent one-day rise in the stock price of China’s Anta Group, which owns the coat’s Canadian brand, Arc’teryx. Photo: Xinhua
Chinese President Xi Jinping’s choice of a US$1,000 parka to protect him against the cold as he inspected venues for the 2022 Winter Olympics and Paralympics this week triggered a nearly 10 per cent one-day rise in the stock price of China’s Anta Group, which owns the coat’s Canadian brand, Arc’teryx. Photo: Xinhua
Fashion

Xi Jinping steps out in US$1,000 parka, giving Chinese sportswear company’s shares a boost

  • The president wore a high-end Arc’teryx parka while inspecting the site of the 2022 Winter Olympics – driving up parent company Anta Group’s share price
  • Anta, a sponsor of the Games, aims to displace Nike as China’s top sportswear label

Topic |   Fashion
Chinese President Xi Jinping’s choice of a US$1,000 parka to protect him against the cold as he inspected venues for the 2022 Winter Olympics and Paralympics this week triggered a nearly 10 per cent one-day rise in the stock price of China’s Anta Group, which owns the coat’s Canadian brand, Arc’teryx. Photo: Xinhua Chinese President Xi Jinping’s choice of a US$1,000 parka to protect him against the cold as he inspected venues for the 2022 Winter Olympics and Paralympics this week triggered a nearly 10 per cent one-day rise in the stock price of China’s Anta Group, which owns the coat’s Canadian brand, Arc’teryx. Photo: Xinhua
Chinese President Xi Jinping’s choice of a US$1,000 parka to protect him against the cold as he inspected venues for the 2022 Winter Olympics and Paralympics this week triggered a nearly 10 per cent one-day rise in the stock price of China’s Anta Group, which owns the coat’s Canadian brand, Arc’teryx. Photo: Xinhua

Corrected [8:51am, 22 Jan, 2021]

  • [8:51am, 22 Jan, 2021]

    The price of the Arc'teryx Thorson parka was misstated. On the company's international website the price is US$1,000.

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