NEWS WRAP: Lanvin business stagnates in 2023
The unit of Chinese conglomerate Fosun reported its revenue rose just 1% last year as the global luxury goods market stalled By Teri Yu Luxury fashion brand operator Lanvin…
Lanvin inaugural results: Belle of the ball, or luxury runner-up?
The owner of several high-end fashion brands touted record sales and margin improvement for 2022, but revenue fell short of its earlier projection and its net loss widened Key Takeaways:…
ATRenew steps on efficiency pedal in drive to sustainable profits
The recycling specialist reported a second consecutive quarter of profitability on an adjusted basis in the fourth quarter, and could turn profitable on that basis for the full year in…
PODCAST: China Loses Its Taste for Luxury, and Popeyes Finds a New China Partner
China’s luxury market shrank by 10% last year, marking its first contraction in at least five years. And less than three years after opening its first China store, fast food chain Popeyes is dumping its original partner in the market and signing on with the local operator of the fast-growing Tim Hortons donut chain.
CHINA BULLETIN: New Year Kicks Off With Mixed Signals
In this week’s issue China stocks extend their slump, Chinese lose their taste for luxury, and Baidu enters the chatbot fray. On a scale of 1 to 10, we give the week a 4.5 for offshore-listed China stocks.
Newly Listed Lanvin Leaves Investors Blowing Hot and Cold
The China-owned luxury company’s shares have gyrated wildly since completion of its SPAC listing in mid-December, losing more than half their value at one pointKey Takeaways:Big volatility in Lanvin’s shares…
Secoo’s Contraction Slows as It Cleans Up Financial House
Online luxury goods seller was one of the biggest corporate victims of China’s Covid restrictions over the last three yearsKey Takeaways:Secoo’s revenue fell 24% in the first half of 2022,…
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