New Stella International factory in Indonesia - leatherbiz: Leading ne Leatherbiz

News

New Stella International factory in Indonesia

17/01/2020
Full-year figures for 2019 show that footwear group Stella International earned revenues of just over $1.5 billion. The figures are unaudited. Over the 12-month period, Stella shipped 59.4 million pairs of shoes.

This means the company experienced a fall of 1.3% in value and in volume compared to 2018. Its average price per pair remained steady at $25.80.

Stella said it had made progress on “expansion initiatives” in the course of 2019, such as improving production efficiency, “adjusting” its production capacity to make fewer shoes in China and more in other parts of south-east Asia. As part of this, it added a new production facility in Indonesia. 



Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.