https://www.scmp.com/rss/217568/feed Belle International Holdings is a Chinese company involved in the manufacture, distribution and retailing of shoes. Its outlets in Hong Kong, Macau, China and the US offer a range of brands, including Belle, Staccato, Teenmix, Tata, Fato, JipiJapa, Joy & Peace and Bata. It was founded as a shoe wholesaler in Shenzhen in Guangdong Province in 1991 by Deng Yao, and only expanded into retail in 2004. It raised US$1.1 billion in an initial public offering in Hong Kong. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com https://www.scmp.com/business/markets/article/1822898/running-slow?utm_source=rss_feed https://www.scmp.com/business/markets/article/1822898/running-slow?utm_source=rss_feed Tue, 16 Jun 2015 13:30:45 +0000 Footwear retailer Belle International expects same store sales to shrink this year as traffic at mainland department stores, a major sales channel, slows as a result of e-commerce. "Earlier this year we thought we could maintain the level of growth but looking at this point in time, it will be negative," chief executive Sheng Baijiao said yesterday. Sheng said sales in the months with key holiday periods such as January, February, September and October were not as strong as expected. Belle owns... https://www.scmp.com/business/companies/article/1627127/belle-same-store-sales-hurt-growth-china-e-commerce?utm_source=rss_feed https://www.scmp.com/business/companies/article/1627127/belle-same-store-sales-hurt-growth-china-e-commerce?utm_source=rss_feed Tue, 28 Oct 2014 21:33:46 +0000 Leading mainland footwear retailer Belle International said its first half net profit fell 3.4 per cent as lowered traffic in malls and department store, which Belle relies on for distribution, hurt the company’s bottom line. Belle owns mid-range brands like Staccato, Joy & Peace and Millies, in addition to distributing foreign brands, such as Nike, Adidas, and BCBG. It posted a net profit of 2.17 billion yuan in the first six months of 2013, slightly above consensus forecast of 2.2 billion yuan... https://www.scmp.com/business/companies/article/1298956/belle-international-profit-down-34pc-lower-traffic?utm_source=rss_feed https://www.scmp.com/business/companies/article/1298956/belle-international-profit-down-34pc-lower-traffic?utm_source=rss_feed Fri, 23 Aug 2013 10:36:11 +0000 Shares of Belle International, the largest mainland footwear retailer, were hammered yesterday after the firm said it expected last year's profit to come in at the lower end of market estimates. The stock price fell 18.2 per cent, the biggest intraday loss since the firm's listing in May 2007, before closing at HK$15.28, down 16.8 per cent. Its rival, Daphne International, dropped 6.4 per cent. The company said in a filing on Wednesday that the net profit for the year "will be marginally... https://www.scmp.com/business/companies/article/1155807/belle-warns-lower-prospect-2012-profit?utm_source=rss_feed https://www.scmp.com/business/companies/article/1155807/belle-warns-lower-prospect-2012-profit?utm_source=rss_feed Thu, 21 Feb 2013 16:00:00 +0000 Shares of Belle International, the mainland's largest women's footwear retailer, rose nearly 5 per cent yesterday after reporting a 24 per cent rise in net profit last year. Yet analysts were mixed on the company's outlook. Belle said net profit for the year to December rose to 4.25 billion yuan (HK$5.21 billion) from 3.42 billion yuan a year earlier. Revenue increased 22 per cent to 28.9 billion yuan thanks to 15 per cent growth in same store sales for its footwear. The company also announced... https://www.scmp.com/article/996157/belle-takes-big-step-after-profit-rise?utm_source=rss_feed https://www.scmp.com/article/996157/belle-takes-big-step-after-profit-rise?utm_source=rss_feed Wed, 21 Mar 2012 16:00:00 +0000 People need shoes come rain or shine. And that may explain why two manufacturers are launching their initial public offerings this week despite a global stock market rout. Active Group Holdings, one of the largest men's casual footwear manufacturers on the mainland, kicks off its HK$549 million IPO today. This followed the IPO rolled out earlier this week by Hongguo International Holdings, the second-largest mid-to-premium women's footwear manufacturer, which was about three times bigger. At... https://www.scmp.com/article/979212/shaky-markets-fail-halt-shoemakers-ipos?utm_source=rss_feed https://www.scmp.com/article/979212/shaky-markets-fail-halt-shoemakers-ipos?utm_source=rss_feed Thu, 15 Sep 2011 16:00:00 +0000 Investors sell Gome, Sino-Ocean shares Yesterday was another busy day for investors queuing up to tap the equity market for as much as HK$3.12 billion, just one day after the HK$5.5 billion mega sell-down in shoemaker Belle International Holdings. Wong Kwong-yu, the biggest shareholder in Gome Electrical Appliances Holding, the mainland's largest electrical appliance retail chain operator, was seeking to raise as much as HK$2.2 billion by cutting his stake in the firm to less than 40 per cent,... https://www.scmp.com/article/634336/hk312b-offerings-follow-belle-deal?utm_source=rss_feed https://www.scmp.com/article/634336/hk312b-offerings-follow-belle-deal?utm_source=rss_feed Fri, 18 Apr 2008 16:00:00 +0000 Belle International Holdings, the mainland's largest retailer of women's shoes, said it would continue to make acquisitions this year but at a slower pace. The news came as the firm announced a better than expected 102.7 per cent rise in net profit last year to 1.98 billion yuan (HK$2.19 billion), on improved sales and interest income from its initial public offering. Revenue for the 12 months ended December jumped 87.1 per cent to 11.67 billion yuan from 6.24 billion yuan. A final dividend... https://www.scmp.com/article/631361/belle-slow-pace-acquisitions-year-despite-103pc-profit-leap?utm_source=rss_feed https://www.scmp.com/article/631361/belle-slow-pace-acquisitions-year-despite-103pc-profit-leap?utm_source=rss_feed Wed, 26 Mar 2008 16:00:00 +0000 Belle International Holdings, the largest mainland retailer of women's shoes, has offered to buy out smaller peer Mirabell International Holdings for HK$1.57 billion to strengthen its high-end and overseas businesses. Belle will pay HK$6 for each Mirabell share, representing a 15.16 per cent premium over the stock's close of HK$5.21 on February 22, its last trading day before suspension. Mirabell's branded products, priced at between US$60 and US$300, belonged to 'a market segment that Belle... https://www.scmp.com/article/627974/belle-offers-hk157b-buy-out-mirabell?utm_source=rss_feed https://www.scmp.com/article/627974/belle-offers-hk157b-buy-out-mirabell?utm_source=rss_feed Thu, 28 Feb 2008 16:00:00 +0000 Belle share move will better reflect hidden value The chairman of Hong Kong shoe retailer Mirabell International Holdings is set to pocket HK$1.65 billion in stock as part of the company's plan to distribute to its investors HK$3.3 billion worth of shares it holds in mainland competitor Belle International Holdings. The company made the announcement yesterday as it released its results for the year to February, showing a 61 per cent jump in net profit to HK$105.5 million mainly due to the... https://www.scmp.com/article/597851/mirabell-boss-gain-hk165b-stock-deal?utm_source=rss_feed https://www.scmp.com/article/597851/mirabell-boss-gain-hk165b-stock-deal?utm_source=rss_feed Fri, 22 Jun 2007 16:00:00 +0000 Le Saunda Holdings, a mainland and Hong Kong footwear retailer, posted a 17 per cent surge in full-year earnings, as property revaluation gains more than offset declining margins. Net profit was HK$105.7 million for the year to February, up from HK$90.1 million a year ago. Sales rose 11.8 per cent to HK$739.7 million during the period. Property revaluation gains jumped 125 per cent to HK$28.2 million and net foreign exchange gains grew more than 10-fold to HK$10.03 million. These offset... https://www.scmp.com/article/596872/le-saunda-net-rises-revaluation-gains?utm_source=rss_feed https://www.scmp.com/article/596872/le-saunda-net-rises-revaluation-gains?utm_source=rss_feed Thu, 14 Jun 2007 16:00:00 +0000 Investors are increasingly cautious towards initial public offerings amid volatile market sentiment and poor performances by recent listings. Hong Kong shoe retailer Walker Group, which aims to raise up to HK$579 million in its initial offering, has received more than 100 times the subscriptions available for retail investors while another listing candidate, Ta Yang Group Holdings, drew orders for almost 60 times the shares in its HK$700 million offer as it closed its retail subscription... https://www.scmp.com/article/595052/investors-more-wary-new-share-sales?utm_source=rss_feed https://www.scmp.com/article/595052/investors-more-wary-new-share-sales?utm_source=rss_feed Thu, 31 May 2007 16:00:00 +0000 Shares in Belle International Holdings, the largest mainland women's footwear retailer, rose a less than expected 31.29 per cent on their trading debut yesterday on a down day for the market. The value of the stock jumped in early morning trading by as much as 36.29 per cent to HK$8.45 from the offer price of HK$6.20, before closing at HK$8.14. About HK$5.78 billion worth of shares changed hands. The shares had earlier traded in the grey market at between HK$8.80 and HK$9. For each board... https://www.scmp.com/article/594033/belle-sitting-pretty-31pc-gain-debut?utm_source=rss_feed https://www.scmp.com/article/594033/belle-sitting-pretty-31pc-gain-debut?utm_source=rss_feed Wed, 23 May 2007 16:00:00 +0000 Belle International Holdings, which tapped the equity market with an HK$8.68 billion initial public offering, is expected to make a strong debut tomorrow after receiving overwhelming response from retail investors. In the grey market yesterday, the mainland women's footwear maker and retailer traded at between HK$8.80 and HK$9 per share, up 41.94 to 45.16 per cent from its issue price of HK$6.20, the top end of an indicative range. The firm received 516 times more orders than shares ... https://www.scmp.com/article/593847/hot-belle-poised-set-investor-hearts-fluttering-debut?utm_source=rss_feed https://www.scmp.com/article/593847/hot-belle-poised-set-investor-hearts-fluttering-debut?utm_source=rss_feed Mon, 21 May 2007 16:00:00 +0000 Women's shoe maker and retailer Belle International Holdings has raised HK$8.68 billion by pricing its initial public offering at HK$6.20 per share, the top of the indicative range, after the retail portion was more than 500 times oversubscribed. The final pricing for the 1.4 billion shares being sold on the main board is 34.1 times forecast earnings for this year, much higher than the industry average of 25 times. Analysts believe the shares have room to rise because of overwhelming demand... https://www.scmp.com/article/593132/huge-demand-sees-belle-price-ipo-top-end?utm_source=rss_feed https://www.scmp.com/article/593132/huge-demand-sees-belle-price-ipo-top-end?utm_source=rss_feed Wed, 16 May 2007 16:00:00 +0000 Listing candidate Belle International, the mainland's biggest women's shoe retailer, said each of the 1,000 new outlets it planned to open every year could start contributing profit after one month of operation because of the high margins in such businesses. Belle's gross margin for footwear retailing, which generated 64.3 per cent of the company's revenue in the second half of last year, was 62.9 per cent. Gross margin for sportswear retailing, which accounted for 35.7 per cent of the... https://www.scmp.com/article/592101/belle-sees-quick-returns-stores?utm_source=rss_feed https://www.scmp.com/article/592101/belle-sees-quick-returns-stores?utm_source=rss_feed Tue, 08 May 2007 16:00:00 +0000 Belle International and four of its shareholders plan to raise as much as HK$8.6 billion by selling new and existing shares for listing on the main board later this month, sources said. The international roadshow started yesterday for the sale of 1.39 billion shares in the mainland's largest female footwear retailer, at HK$5.35 to HK$6.20 apiece. That translated to between 27 and 31 times forecast earnings for this year, slightly higher than the industry average of 25 times, one source... https://www.scmp.com/article/591452/belle-international-eyes-hk86b-main-board-listing?utm_source=rss_feed https://www.scmp.com/article/591452/belle-international-eyes-hk86b-main-board-listing?utm_source=rss_feed Thu, 03 May 2007 16:00:00 +0000 Belle International Holdings, a mainland footwear wholesaler planning to raise US$1 billion from a Hong Kong initial public offering, saw earnings grow faster than its listed peers over the past three years thanks to aggressive expansion into retail and sportswear businesses, its listing arranger said. 'Due to business scope expansion and good organic growth, Belle recorded compound annual growth rates of 167.7 per cent in sales and 260.7 per cent in net profit for 2004 to 2006 ... the... https://www.scmp.com/article/590166/belle-stresses-footwear-earnings-ipo?utm_source=rss_feed https://www.scmp.com/article/590166/belle-stresses-footwear-earnings-ipo?utm_source=rss_feed Mon, 23 Apr 2007 16:00:00 +0000 Belle Holdings to use proceeds from share sale to fund network expansion Mainland footwear retailer Belle Holdings, owned by the family of Mirabell International Holdings chairman Tang Wai-lam, is planning to raise at least $3.9 billion from an initial public offering early next year, sources familiar with the situation said. The share sale, to be underwritten by BNP Paribas and Morgan Stanley, was expected to happen in the first quarter of next year after the company finished its... https://www.scmp.com/article/554854/mainland-footwear-retailer-plans-39b-float-after-restructuring?utm_source=rss_feed https://www.scmp.com/article/554854/mainland-footwear-retailer-plans-39b-float-after-restructuring?utm_source=rss_feed Thu, 29 Jun 2006 16:00:00 +0000