Taiwanese news site Mirror Media recently reported that leading footwear manufacturer Pou Chen has completed its exit from Mainland China. Pou Chen is the largest branded athletic and casual footwear manufacturer in the world. It does OEM manufacturing for major global labels such as Nike, Adidas, Asics, Clarks, Reebok, Puma, New Balance, Crocs, Merrell, Timberland, Converse, and Salomon. Pou Chen makes one out of every five athletic and casual shoes. It started changing its Mainland China operating strategy a few years ago, switching from running production lines to primarily providing distribution channels. By now all footwear production lines have stopped and all Pou Chen owned hotel businesses in the Mainland have been sold as well. Pou Chen Corporation has completely exited the Mainland market. Some industrial land ownership still remain in the hands of Pou Chen; it plans to sell to or jointly develop them with real estate construction companies. Pou Chen currently has a large amount of cash in hand. The next investment plan is to build museums in Taiwan.
Source: Mirror Media, May 29, 2018