Group 1 - The company, Lianya Group (00458.HK), announced a strategic review of its franchise brand portfolio and business objectives, including the Reebok franchise arrangements in mainland China, Hong Kong, Macau, and Taiwan [1] - The company has agreed to terminate the Reebok franchise agreement in the region with Authentic Brands Group, effective December 31, 2025, resulting in a non-cash gain of approximately HKD 120 million to HKD 130 million for the fiscal year ending December 31, 2025 [1] - The termination of the franchise agreement means the company will no longer be obligated to pay the guaranteed minimum franchise fees associated with the Reebok brand [1] Group 2 - Despite the termination of the Reebok franchise agreement, the company will continue to operate its multi-brand distribution business through other franchises and its own brands, complementing its robust garment business [2]
联亚集团(00458.HK)：终止大中华区分销Reebok品牌产品特许经营权