China’s IFS properties, including Changsha IFS and Chengdu IFS, under The Wharf (Holdings) Limited, have experienced their first revenue decline in recent years.
“2022 marked the end of our first full year as a public company, and while we made important progress, the year came to a challenging close, with results below our expectations due to both execution and macro challenges.”
In 2022, Safilo’s net sales amounted to €1,076.7 million, up 11.1% at current exchange rates and 4.2% at constant exchange rates compared to €969.6 million recorded in 2021.
China’s e-commerce giant, Yatsen Holding Limited, saw a 36.5% dip in net income from RMB 58.4 billion in 2021 to RMB 37.1 billion (approximately USD 5.37 billion) in 2022.
China is Swarovski’s second-largest market worldwide (accounting for 12% of sales), while Germany is the largest market in the European region.
Citizen reports record high net profit in seven years, with a YoY increase of 14.6% to JPY 19.697 billion.
The group is planning new acquisitions in the manufacturing and retail sectors to maintain the business performance and strengthen its internationalization.
The group said, the goal is to reach nearly 50 million euros by 2025 and at least more than 2600-27 million euros by 2023.
In 2022, Lao Feng Xiang achieved a whopping revenue of 63.01 billion yuan, marking a remarkable 7.36% increase year-on-year.
Huali Industrial Group sold a total of 221 million pairs of sneakers, an increase of 4.65% year-on-year; operating revenue was RMB 20.57 billion.
