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Lining Li outstanding contributions to the LN under deformation of Logo, has also been replaced with a fracture of the word identity. Investors immediately fired back: start, Li Ning, the company shares were sold a lot by the end of 2010, set off on one of history's most ugly earnings report: According to Li Ning, the company's 2011 annual report shows net profit fell 65.2 percent to 386 million yuan , income fell 5.8 percent to 8.929 billion yuan. Logo replacement after two years, Li Ning company's share price fell more than 70 percent, and half is exhausted, half in frustration, "local sports brand champion" surrendering Anta - this is a very important signal, in the past 15 years , "local champion" title is the support of Li Ning Company capital market confidence important factors. This year in July, Li Ning Zhang Zhiyong, CEO of abdication, has left the company's operations Li Ning himself back in control of doors, from the US investment group Texas Pacific management team took over the part of the management of Li Ning Company. And 11 years ago that changed hands scepter different, this time accompanied by a change of Li Ning Company middle big shake and history of the largest closed shop operations. In the first half of this year, net profit attributable to shareholders of listed companies, Li Ning fell by 84.9%. Li Ning Company on 23 years of history, all this is rare. internal and external intertwined, so that Li Ning Company is becoming prey. The hunters in addition to well-known investment bank, as well as Li Ning's Chinese colleagues. Reporters informed the local Pick another sporting goods company, has been in talks with Li Ning Company restructuring under the auspices of a world-renowned investment bank. Olympic chairman Xu Jing Nan confirmed to the publication, the reorganization began early intention Pick from two years ago, but was Li Ning, the company refused. In the first half of this year, once again at the Olympic brokered agency Li Ning Company to propose reorganization intention, foreign cheap air jordans investors added to make the matter once again stranded. Xu Jing Nan said: "The recent (Li Ning Company) have the answer, but because of the US private equity fund TPG and GIC (Government of Singapore Investment Limited) strategic investment totaling 750 million yuan to enter, the Li Ning Company has adopted a series of internal adjustment means adjusted too how, make a decision. " leader Li Ning 1988 years on the Seoul Olympic Games, "Prince of Gymnastics" Li Ning in the pommel horse, Thomas full rotation movements deformation unfortunate fall, get up with a smile, he announced his retirement after four months. By the end of December 1988, Li Ning joined the Jianlibao Group, to become special assistant to general manager. Also in this year, Jinjiang, Quanzhou, Fujian Province in China small town, make a living by drawing dray Xu Jing Nan, during a dinner with friends overheard Nike is looking for OEM factory in Quanzhou message. Xu Jing Nan decided to build Nike do matching processing factories. But when Xu Jing Nan factories built soon, Nike puts its factory in Quanzhou moved Kamata. Reconciled "was put pigeons," the Jingnan Nike will move when leaving factory technical personnel and equipment incurred under its command, he decided to do an independent brand. In 1989, the Olympic formally established. Businessman smell always strikingly similar. joined Jianlibao Group Li Ning after the initiation of the idea of ??doing sports brand. In 1990, Li Ning, the company started in Sanshui. The early 1990s, while Li Ning and Peak proposed creating an international brand. From the time of the environment, Li Ning, the company's advantage is clearly greater than the Peak. In 1990, Li Ning became the first sponsor of the Asian Games Chinese sports delegation Chinese sporting goods companies. In 1992, Li Ning Company to provide equipment for the Chinese Olympic delegation to accept the award, became the first sponsor of the Chinese Olympic sports enterprises. In the Li Ning Company aura coverage, no one will believe that a small plant from Quanzhou, Fujian Province can make an international brand. In addition to lack of experience, lack of Olympic and confidence as well as resources - time, many executives are also opposed to the Olympic J Cheap jordans online air jordan 11 blackout for sale ingnan practices. Pick different with the dilemma, Li Ning Li Ning company fame is the amazing development of the next well, after all international competitions, the Chinese team Li ?????? to sponsor sports equipment. 1991 years Jingnan excited to fly with the US Olympic products exhibition in Las Vegas, this is his first international try knocking the door. But the harsh reality gave Xu Jing Nan poured cold water. Show organizers told Xu Jing Nan, in the United States with similar trademarks Pick, Pick's because the trademark is not registered in the United States, so Pick it violated the rights of others. According to Xu Jing Nan recalls that he was very afraid, not enough time exhibitors, he quickly packed products, hurry back to the country. The first overseas expedition, Olympic defeat. The incident dealt a serious blow to Xu Jing Nan, but he also realized the importance of the trademark from registration. Over the next 10 years, Xu Jing Nan has always insisted on a global scale for the Olympic trademark registration. Li Ning gradually accelerated the pace of development, the establishment of a year earlier than its Olympic far behind. In 1993, Li Ning, the first company in the country to establish monopoly franchise marketing system. In 1995, Li Ning Company has become China's sporting goods industry leader. Li Ning Company to glory in the moment, the Olympic development has encountered a bottleneck. the early 1990s, the major domestic commercial control in the hands of state-owned enterprises, product sales Pick only be sold through the state-owned department stores. Pick a start sales is also good, but the problem began to emerge in 1995: At the time, the country has established Peak 26 sales offices to serve the department store, using the contract system management mode, Peak products contracted to work place, by the Office of self-financing. However, the final result took Xu Jing Nan disappointment, loss of money, the Office had to be borne by the Olympic himself, Pick almost no profit. At the same time, Xu Jing Nan found that the old state-owned enterprises with commercial status no intention of Olympic sales - not have their own sales channels, we want to create a brand, just like nonsense. From 1995 to 1996 foun air jordan 11 space jam for sale d the problem began to adjust, the adjustment of the road does not go smoothly Jingnan. Pick was only a few million dollars a year in profit, while the Office of the canceled sales into auto adjusting one there is a loss of two million yuan. After a full five years, before the whole Olympic marketing model is adjusted. Since there is no catch from retail to wholesale fast shuttle era, the Olympic was submerged in the rapid rise of the emerging sports brand among. The increasingly rapid development momentum, Li Ning company, in the mid-90s boarded the domestic sporting goods industry leader throne. 2000 years later, Li Ning and Peak are beginning to accelerate the process of internationalization. In February 2001, he took the general manager Li Ning Zhang Zhiyong. In 2002, Xu Jing Nan successfully persuaded Xu Zhihua son just graduated from university [microblogging] to return to the Olympic work. In Zhang Zhiyong and Xu Zhihua were led by Li Ning and Peak international departure from the same starting point, heading in the same direction. Zhang Zhiyong took office after just a little more than two years will be Li Ning's sales exceeded 10 billion yuan, Li Ning headache for many years to lift the sales problems. With the gradual retreat Li Ning himself, the company began to enter the era of Zhang Zhiyong. In 2004, Li Ning basketball strategy is proposed for the first time and with the core of the Olympic basketball had a positive exchange of fire. 2004 In June 2009, Li Ning Company with the Spanish Basketball Association signed by the Spanish basketball team at the Athens Olympic Games wonderful performance by the unprecedented attention. January 2005, Li Ning, NBA became a strategic partner, which makes Li Ning basketball equipment attention in the international community, but this time the core of the Olympic basketball are still groping in the silence of the international road. Li Ning basketball category in the good momentum of development, when Zhang Zhiyong began lightly, swaying brand positioning makes ZhangZhiYong eventually gave up basketball at the core of the strategy, to the Olympic opportunity. Back to Olympic work Xu Zhihua inherited Jingnan advocates on international brands, efforts to accelerate the process of int jordan retro 14 white/fuchsia blast/black ernationalization of the Olympic. 2003, the Zhi-Hua Xu Olympic and Chinese Basketball Association signed on behalf of the "CBA strategic partnership" agreement, began to impact China's first basketball brand. But by 2004, CBA league only designated equipment sponsor of the naming rights were snatched Anta, Peak accident out. This allows Xu Zhihua under attack. In 2005, the Olympic sponsor top European basketball league, Xu Zhihua to Europe to watch the game. He began to realize that, as a carrier with international resources could be better for the Pick of the international service. In December 2005, the Olympic sponsor Houston Rockets home. October 2007, NBA official and Li Ning's contract expires, the Olympic officially became an official NBA marketing partner. Through cooperation with international carriers, the value of the Olympic brand has improved, opened the global sales market. But Li Ning's aura is still not diminished. In 2008, the Beijing Olympic Games opening ceremony, Li Ning himself the torch run along the roof of the Bird's Nest Olympic torch ignited. Zhang Zhiyong well aware, this is Li Ning brand international best time. This year, Li Ning Company has become the Chinese gymnastics, diving, table tennis, shooting and other long-term sponsor of the team, and successfully signed Spain, Argentina men's basketball team. Zhang Zhiyong, Li Ning, the company is laying a road to internationalization: During 2009-2013, the preparation stage for the international brand Li Ning; during 2014-2018 years for the full international stage Li Ning brand. perilous However, to enhance the contrast with the Olympic brand value, with the implementation of international strategy, Li Ning brand's most distinctive national colors was gradually fading. On the international road, Li Ning brand has not been a breakthrough. July 4, 2012, the sales company Li Ning Company with the Spanish agency founded filed for bankruptcy. In addition, the Li Ning Company with partners FootLockerInc agreement has also been terminated. In early September, Li Ning Company closed the only one of its stores in Hong Kong, China. 2012, Li Ning himself in a letter the company's letter mentioned that the company's future focus will be the focus of the domestic Retro jordans for sale market - the international strategy was temporarily shelved. "Li Ning could do a good job, he missed good opportunities." Xu Jing Nan said, "now, all domestic sporting goods companies, Olympic international level and momentum second to none." Xu Jing Nan Li Ning regret not without reason. After the 2008 Olympics brought glory back, led by Zhang Zhiyong, Li Ning started to deviate from the original track, which is also planted the seeds for today's predicament. After rebranding the end of June 2010, Li Ning Company began to force first-tier cities, Beijing, Shanghai, Guangzhou, Shenzhen and other places set up 70 sixth-generation flagship store, through three consecutive footwear and apparel products price, starting with the international brand Li Ning, Nike, Adidas confrontation, trying to par with international brands. However, this series of strategy ultimately failed to gain market acceptance. "90 Li Ning" positioning not only failed to narrow the distance between the Li Ning brand and the young consumer groups, but so in addition to 90 after the loss of a large number of customers, and product price increases will allow Anta, special steps such as sports brand quickly seize the middle and low market. On the high-end market, Li Ning brand and can not with Nike and Adidas to confront. Li Ning brand was caught in the middle, causing embarrassment not go up and get down. crisis has surfaced, this time Li Ning suffered not only external attack, internal morale began scattered. In the rebranding activities, Li Ning, the company's management team to leave the tide appeared only between May 2011 to November of six months, there have been Chief Brand Officer original brand Li Ning Fang Shiwei, COO Guo Jianxin, Lotto Division General Manager Mr. Wu, the company government and external Zhang Yan, director of Public Affairs, the brand's chief product officer Xu Chun Mao five other executives leave. July 5, 2012, Li Ning Company CEO Zhang Zhiyong retiring. Dilemma Li Ning Company faces, so many years, Li Ning retired I return to the company. Early February 2012, Li Ning Company in the form of equity transactions was introduced as a strategic investor TPG, TPG Li Ning became the company's second largest shareholder, holding 13% stake. return after Li Ning is responsible for the company's external affairs and relations, TPG partner Kim Jin Jun appointed as executive director and executive vice-chairman. July 5, Kim Jin Jun Li Ning announced a three-stage reform plan, said it would clean up the inventory will focus in the short term, to improve the retail end sales capabilities and finishing retail network, the medium-term is to improve the supply chain, the long-term goal is to enhance the profit structure. State Securities chief analyst Zhang Bin textile industry, told reporters: "Li Ning himself regression showed that he was aware of the Li Ning's the problem, and now the strategic direction and operational direction of Li Ning is very clear, the next step is how to put this direction into concrete products. After the personnel turmoil, can not make Li Ning Company as soon as possible return to a steady state, for the management team is a great challenge. " China Executive Yuan Secretary-General of Sports Marketing Forum Articles directions, said: "Li Ning, the company's problems, in fact, with other domestic sports brands face the same crisis, due to the management structure of domestic enterprises have not yet risen to that western companies like strict mode, it can not rely solely on professional managers. When their core founder chairman or leave, enterprise management will be a problem. Jinjiang sports brands such as Anta, Peak, are business owners in line manipulator, and Trader advantage is the instruction to go quickly. " Yuan Fang said that the 2008 Beijing Olympic Games, the financial turmoil, and as an international first-line sports brand Adidas also appeared particularly serious problem. In response to the crisis, Adidas cheap dumped goods, and even closed some stores. Adidas retreat, while Li Ning sports brand but in contrarian expansion. If the situation during 2008 and 2009 appear with Adidas, Li Ning is now relatively, a very big similarity. Today, the domestic sporting goods industry status quo is just a cyclical phenomenon. Hunter Peak November 23 evening, Beijing cooling. Quintiles hotel room in Wangjing, Jingnan accordance with the practice came from Fujian taking a dip in a pot to bring on a good Tieguanyin. Over the years he has maintained this arena habit, even when Pick the most difficult but also not changed. relaxed atmosphere conceal swords. In 2012, the Peak acceleration shut shop in the country. In the Olympic semi-annual report released the same day in 2012, the market value of more than four days before the Olympic evaporated compared to HK $ 2.3 billion. November 5, Pick the HKEx announced that as of September 30 this year, the number of retail outlets authorized to operate in China and the end of 2011 reduction compared to 1067. Compared with other well-known sports brand Anta, Xtep, Peak speed and closed shop closed shop in size only to the industry leader Li Ning Company. Pick of the crisis is still smaller than the Li Ning Company. Xu Jing Nan believes Pick difficulties because "initiative on the brakes," while Li Ning's difficulty is due to the fall of internal control and brand crisis. "Trademark and advertising a change, culture and spirit is out to subvert." reporter learned that Li Ning Company to replace the LOGO and advertising, not as its official put it, "too much like Nike," but expedient desperation: Li Ning trademark has been registered in more than 100 countries around the world This means that with the existing identity to support its globalization strategy has entered the life and death with. Li Ning after replacing trademarks and advertising, over the past few globalization strategy, turned around and began to focus on China market. The major competitor of Olympic Li Ning Company will focus on overseas markets as the breakthrough point. Thus, China's two major sports brand go hand in hand into the face of the wrong car. This strategic differences, is a recombinant adding variables. Xu Jing Nan said the two sides have become more difficult to integrate large. In addition to the capital level of the problem, there are trade-offs strategic direction: "The two companies first have to create an international brand, which is a good target, involve a number of conditions, cultural integration but Li Ning is now the goal is clear, do domestic. brand, we do an international brand, so the goal is not the same, there is a contradiction. recombinant goal must be the same. I do an international brand, he does not do international brands, it is difficult to reorganize, meaning not great. " But Xu Jing Nan believes that Li Ning exhausted when still restructuring. Although Li Ning Company contracted international front, but its popularity remains high in the country, and this is precisely the fancy Olympic. Xu Jing Nan believes that Li Ning Company's cost control and internal management control is far better than the Olympic. "We have twenty years of experience." He said. Pick is still waiting for the final time. Li Ning, the company failed to confirm the facts to the Articles Pick restructuring. Li Ning's public relations department said the restructuring of Olympic requests did not know, could not be confirmed. November 23 evening Beijing slightly chill, Xu Jing Nan told reporters: "? Imagine if Li Ning company had not introduced two private equity funds, but the reorganization of assets and Peak, the result will be like it." 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