In China, a joint venture with Anta Sports (60 percent stake), Descente (30 percent stake), and Itochu (10 percent stake) holds exclusive rights to use the Descente trademark and operate stores in Mainland China, Hong Kong, and Macao. Descente’s reported sales, including equity distributions from its China agreement, in the fiscal first quarter grew 12.1 percent to ¥27.7 billion ($176mm) from ¥24.7 billion. Including revenues from its China joint venture, Descente’s sales grew 32.7 percent to ¥91.3 billion from ¥68.8 billion. In its statement, the company said the Descente brand in China “continued to grow strongly, and sales increased significantly.” Descente attributed the Korea gains to “significant growth” of the Descente brand, with Umbro and Munsingwear also performing “well.”