The reasons behind this include concerns about the impact of a new wave of COVID-19 on the Chinese market, leading to the potential reimplementation of strict control policies, which could affect the demand in this crucial luxury consumer market. There are also worries about the slowdown in the growth of the US economy.
In this IPO, IDB raised €70 million, with a total amount of €80.5 million if the greenshoe option is not included. At the beginning of trading, the group had a market value of approximately €293 million.
In this transaction, Chanel will acquire a total of 24.5% ownership in Cariaggi Lanifico, with 18.5% coming from Brunello Cucinelli and the remaining 6% from the Cariaggi family.
The brand will open its first pop-up store in China at the end of June in Shanghai, followed by the official opening of a boutique on Nanjing West Road.
For many investors, the luxury goods industry still holds appeal, but the sector is currently trading at historically high premiums compared to the overall market.
Pop Mart’s founder and CEO, Wang Ning, expressed the hope that overseas revenue would account for 50% of the company’s overall revenue in the future.
National Geographic Apparel: The Authorized Collaboration between South Korean Fashion Group The Nature Holdings and National Geographic.
These funds will be used for the brand’s next phase of expansion.
The Richemont analyst conference provided a wealth of valuable insights and disclosures.
In 2021, Natura launched the venture capital fund Fable Investments, with Perfumer H being its first investment target.
