Belle International Holdings Limited is an investment holding company. The Company, together with its subsidiaries, is engaged in the manufacturing, distribution and retail sales of shoes and footwear products, and the sales of sportswear products. It segments include footwear business and the sportswear business. The Company-owned brands of footwear business include Belle, Teenmix, Tata, Staccato, Senda, Basto, JipiJapa, Millie�s, Joy & Peace and Mirabell. Distribution brands include Bata, Geox, Clarks, Mephisto, BCBG, Elle, Merrell and Caterpillar. The majority of its sportswear business is in the form of distribution business, including first-tier sportswear brands Nike and Adidas, and second-tier sportswear brands, including Kappa, PUMA, Converse, Mizuno and others. As of December 31, 2011, the total number of retail outlets managed by the Company reached 15,112, of which 14,950 outlets were located in Mainland China, and 162 were located in Hong Kong and Macau.