Anta Sports

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  • Anta Sports Products Limited
  • 安踏体育用品有限公司
Āntà Tǐyù Yòngpǐn Yǒuxiàngōngsī
TypePublic
ISINKYG040111059
IndustrySports equipment, textile
Founded1991; 33 years ago (1991)
FounderDing Shizhong 丁世忠
Headquarters
Jinjiang, Fujian
,
China
Area served
Worldwide
Key people
Ding Shizhong (Chairman)
ProductsSneakers, clothing, accessories
Revenue
  • Increase US$2.07 billion (2019)[1]
Owner
  • Anta International (BVI) (61.84%)
  • Public (38.16%)
ParentAnta International (BVI) (61.84%)
Websiteanta.com

Anta Sports Products Limited is a Chinese sports equipment multinational corporation headquartered in Jinjiang.[2][3] It is the world's largest purely sports equipment company by revenue and third-largest manufacturer of sporting goods overall, behind Nike and Adidas.[4]

Founded in 1994, its operations involve the business of designing, developing, manufacturing and marketing products, including sportswear, footwear, apparel and accessories under its own brand name. After completing the acquisition of Amer Sports, the company expanded in branding and owns more than 25 sporting apparel and equipment brands, including Arc'teryx, Salomon, and Wilson.[5][6]

History

Anta was founded by Ding Shizhong in 1991.[7] In 2008, the Beijing Olympics gave Anta the opportunity to expand its business marketing footwear.[7]

Anta Sports store at Beijing Xitieying Wanda Plaza

Anta Sports was listed as 2020.HK[8] on the Hong Kong Stock Exchange in 2007, with its IPO price at HK$5.28 per share.[9][10] In 2009, the company acquired the Fila trademark in mainland China, Hong Kong and Macao from Belle International.[11] Since then, the company operates the Fila business in these three areas. The company also operates DESCENTE and SPRANDI stores in China, as well as KOLON SPORT and KINGKOW stores in China, Hong Kong and Macao. Former Minnesota Timberwolves forward Kevin Garnett left his former shoe sponsor Adidas and has been sponsored by Anta since August 2010. Golden State Warriors guard Klay Thompson also left his Nike sponsor and has been signed with Anta since 2017. Klay Thompson's new contract with Anta will run through 2026 and could pay him up to $80 million.[12] In December 2018 an investor consortium consisting of ANTA Sports, FountainVest Partners, Anamered Investments and Tencent announced a voluntary recommended public cash tender offer for all issued and outstanding shares in Amer Sports Corporation.[citation needed]

Anta Sports began a boycott of the NBA in October 2019[13] as a result of a re-tweet by a Houston Rockets' official in support of the Hong Kong protests. That ended however and, on 14 May 2020, Wilson Sporting Goods announced it would replace Berkshire Hathaway-owned Spalding as the NBA's official ball supplier as of the 2021-22 NBA season.[14]

Controversy

During the 2022 Russian invasion of Ukraine, Anta refused to join the international community and withdraw from the Russian market. Research from Yale University published on August 10, 2022 identifying how companies were reacting to Russia's invasion identified Anta in the worst category of "Digging in", companies defying demands for exit/reduction of activities.[15]

Sponsorships

Anta Sports is the official supplier and sponsor of numerous teams, players, and associations.[16][17]

Basketball
College teams
Boxing
Formerly

ANTA is the official supplier of the International Olympic Committee,[24] sponsored 26 Chinese national teams in winter sports, boxing, taekwondo, gymnastics, weightlifting, wrestling, judo, surfing, water polo and golf.[citation needed]

References

  1. ^ Anta Sports delivers strong first-half results
  2. ^ ANTA Sports Products Limited on Irasia website (archived), 28 Aug 2008
  3. ^ Corporate profile on Anta website (archived), 22 May 2008
  4. ^ 董志成. "Anta Sports delivers strong first-half results - Chinadaily.com.cn". www.chinadaily.com.cn. Retrieved 2020-04-03.
  5. ^ "Anta everywhere". Panda!Yoo. 2020-03-25. Retrieved 2020-07-28.
  6. ^ "Chinese megadeal in sporting goods". Capitalmind. 2019-04-16. Retrieved 2021-11-04.
  7. ^ a b Tan, Christine (2016-08-05). "This is one of the fastest-growing sportswear brands you haven't heard of". CNBC. Retrieved 2017-01-06.
  8. ^ "About us". ir.anta.com.
  9. ^ Amy Or (2007-06-20). "China's Anta Sports IPO, in Hong Kong, seeks up to $406 mln: term sheet". MarketWatch. Retrieved 2008-10-04.
  10. ^ Bei Hu (2007-06-20). "Anta Plans $405 Million IPO, Rockets Owner to Invest". Bloomberg L.P. Retrieved 2008-10-04.
  11. ^ "DISCLOSEABLE TRANSACTIONS PROPOSED ACQUISITION OF FULL PROSPECT LIMITED AND FILA MARKETING (HONG KONG) LIMITED" (PDF). ANTA. Published by Hong Kong Stock Exchange. 12 August 2009. Retrieved 29 March 2011.
  12. ^ "Annual Report 2010" (PDF). Anta. Published by Hong Kong Stock Exchange. 8 March 2011. Retrieved 29 March 2011.
  13. ^ "Excited China fans cheer NBA game despite row over Hong Kong tweet". Reuters. 2019-10-11. Retrieved 2019-11-03.
  14. ^ "Wilson to become official game ball of the NBA, WNBA, NBA G League, NBA 2K League and Basketball Africa League". NBA.COM. NBA Ventures. Retrieved 2021-07-29.
  15. ^ "Almost 1,000 Companies Have Curtailed Operations in Russia—But Some Remain". Yale School of Management. Retrieved 10 August 2022.
  16. ^ Xinjiang: Chairs Urge NBA Players to End Endorsement Deals with Chinese Forced Labor Companies
  17. ^ Congressional body urges NBA stars to end endorsement of Chinese sportswear
  18. ^ Kasabian, Paul (February 18, 2021). "Lakers' Alex Caruso Signs Multiyear Sneaker Contract with Anta". Bleacher Report. Retrieved May 22, 2021.
  19. ^ "Kevon Looney signs a two-year deal with ANTA". Warriors Wire. 2019-10-05. Retrieved 2020-07-14.
  20. ^ Wells, Adam. "Klay Thompson, Anta Reportedly Agree to 10-Year, $80M Endorsement Contract". Bleacher Report. Retrieved 2020-07-14.
  21. ^ Chiari, Mike. "Gordon Hayward Agrees to Shoe Contract with Chinese Company Anta; Nike Can Match". Bleacher Report. Retrieved 2020-07-21.
  22. ^ "These are the NBA players under contract with Chinese sneaker brands". HoopsHype. 2019-10-09. Retrieved 2020-07-21.
  23. ^ "Mavs' Chandler Parsons Swaps Anta Shoes For Jordan Brand After Injuries To Ankle". www.sportsbusinessdaily.com. March 10, 2015. Retrieved 2020-07-21.
  24. ^ Anta wird offizieller Uniformlieferant des Internationalen Olympischen Komitees, Fashion Network, 4. November 2019 (German).

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