Sunday, October 30, 2016

Meet the Billionaire Supplier Behind Nike, Uniqlo, adidas and PUMA

Improvements in the way footwear is made along with an increase in the popularity of sportswear have created an abundance of new opportunities for certain suppliers. Among those suppliers is Shenzhou International, one of China’s largest exporters of fabric and garments, and its chairman, Ma Jianrong. A former factory worker, Ma is currently worth an estimated $4.3 billion USD. Over the years, Shenzhou has quietly turned itself into the largest integrated knitwear maker in the world, think Flyknit, Primeknit, evoKnit, etc. Today, the company is responsible for significant percentages of big brands’ apparel as well: 12% of Nike, 12% of adidas, 14% of Uniqlo and 30% of PUMA. Sales in the first six months of the year increased by a quarter to exceed $1 billion. With such steady business, Shenzhou’s stock has grown by more than 40% in the past year.

The Billionaire Supplier To Nike, Uniqlo, Adidas And Puma

Former factory worker Ma Jianrong has built Shenzhou International Group into a knitwear giant.