85 854
Fashion Jobs
BLOOMINGDALE'S
Merchant Operations Analyst
Permanent · NEW YORK
CROCS
Director, Service Management And Observability
Permanent · BROOMFIELD
CROCS
Supervisor, Distribution Center
Permanent · LAS VEGAS
QVC
td/Director
Permanent · WEST CHESTER
BUCKLE BRANDS
Womens Buying Support i
Permanent · KEARNEY
ALEXANDER MCQUEEN
Alexander Mcqueen Operations Manager, Saks NY
Permanent · NEW YORK
WILLIAMS SONOMA
Assistant Site Manager – Williams Sonoma
Permanent · SAN FRANCISCO
TIFFANY & CO
Branch Security Officer- South Coast Plaza
Permanent · COSTA MESA
OLD NAVY
Assistant General Manager, Merchandising - Pheasant Run Plaza
Permanent · CHICO
OLD NAVY
Assistant General Manager, Merchandising - Merrimack Premium
Permanent · MERRIMACK
ATHLETA
Assistant General Manager - 18th & 5th
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Arizona Mills
Permanent · TEMPE
GAP
General Manager - Philadelphia Mills
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Shops at Waldorf Center (New Store)
Permanent · WALDORF
OLD NAVY
Assistant General Manager, Merchandising - Triangle Square
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Northgate Mall
Permanent · CHATTANOOGA
OLD NAVY
General Manager - Coosa Town Center
Permanent · GADSDEN
OLD NAVY
General Manager - Upper Valley Plaza
Permanent · LEBANON
ATHLETA
General Manager - Issaquah Commons
Permanent · ISSAQUAH
ATHLETA
General Manager - 2nd And Pch
Permanent · LONG BEACH
BANANA REPUBLIC
Assistant General Manager - Home
Permanent · TROY
OLD NAVY
Director, CRM, Marketing
Permanent · SAN FRANCISCO
Published
Jan 3, 2019
Download
Download the article
Print
Text size

Columbia closes on buyout of its China joint venture

Published
Jan 3, 2019

Columbia has closed on its previously announced buyout of the remaining 40 percent interest in Columbia Sportswear Commercial (Shanghai) Company, the sportswear company's joint venture in China with Swire Resources Limited. 

Instagram @columbia1938



A subsidiary of Swire Pacific Limited, Swire Resources will continue to serve as the exclusive independent distributor of Columbia's range of outdoor apparel and accessories in Hong Kong and Macau.

“[Columbia is] committed to investing in the continued long-term success of Columbia in the crucial Chinese market," said Tim Boyle, president and chief executive officer of Columbia. "The acquisition is consistent with our strategy to accelerate investment as a brand-led, consumer-focused business in the areas of highest growth potential for our existing brands.”

Columbia said it will maintain its existing Chinese management team, staff, dealers, and distribution networks after the acquisition.

The company's future plans in the region include further strategies and investments to boost the brand's name in China, in addition to the "expansion of direct and dealer-operated retail locations." 

The longterm success or failure of Columbia is set to studied by other U.S. brands and retailers looking to break into the lucrative Chinese market, particularly in the wake of Macy's' closing its business in the region. 

This buyout follows the company's appointment of John Soh to the position of general manager of Columbia Sportswear Commercial (Shanghai) Company, effective February of 2019.

​The joint venture began operations on January 1 of 2014 with headquarters in Shanghai. Columbia then owned 60 percent of the operation while Swire owned 40 percent.

Copyright © 2024 FashionNetwork.com All rights reserved.