Hong Kong-headquartered footwear group Stella International has reported unaudited consolidated revenue for 2022 of more than $1.6 billion, an increase of 5.9% year on year.

However, in the final quarter of 2022 revenue dipped by approximately 15.4% compared to same quarter in 2021.

Stella said it was likely to continue to face headwinds in 2023 including uncertainties in the macroeconomic and geopolitical situation, economic slowdowns in the US and Europe, increasing covid-19 infections in China, and some customers adopting a more cautious approach to business in 2023. 

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