“We expect China to restart with continuity, maybe it will happen from the second quarter of next year, which means additional growth element.”

The transaction is expected to close in Q1 2023.

Group turnover during the financial year increased by 22% to ￡197.35 million.

The “Special Planning” highlights the overall spatial layout planning of “4+29+84+N”.

In the Hong Kong regional report, Anta Sports topped among Hong Kong blue chips companies.

“We just want to be a fashion group.”

In the first nine months of the year, Inditex recorded “all-time highs” with turnover up 19% to 23.06 billion euros ; H&M group’s net sales in SEK increased by 13percent in the first nine months of the financial year to SEK 161,120 million(14.615 billion EUR).

The Action Plan aims to promote the development of Shanghai’s fashion consumer goods industry and implement the strategy of “increasing varieties, improving quality, and creating brands”.

Fashion Cloud has made it the all-in-one solution for more than 600 fashion brands and 20,000 retailers.

While declining to provide sales figures, the executive said profit rose 70 percent compared with 2021.