The man who brought Fila back from dead is worth US$830 million [Business News Network (BNN) Energy & Resources (Canada)]
Acushnet Holdings Corp. (GOLF)
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Source: Business News Network
The man who brought Fila back from dead is worth US$830 million They’re the chunky, thick-soled throwbacks to the 1990s known as “dad shoes.” And they’re beloved by millennials, whose fascination with retro footwear has brought Fila back from the dead. They’ve also helped Yoon Yoon-soo amass an unlikely fortune. Gene, as he’s known in English, is estimated to be worth about US$830 million through his stake in Fila Korea Ltd., which acquired the global Fila brand in 2007 in what South Korean media called a shrimp swallowing a whale. Yoon went on to oversee a revival in Fila’s fortunes, sending shares of his company surging. Central to Fila’s comeback was its move to bring back iconic products from the ’90s, targeting shoppers craving classic looks. Its “Disruptor 2” sneakers, for example, reintroduced in 2017, were among the most popular women’s shoes at one point last year, according to global fashion search platform Lyst. Fila estimates that more than 10 million pairs were sold as of
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