Sales hit a record at €332m in Q4, up +4% on an organic basis vs. 2021, despite a high comparison basis.
The repurchased shares will be canceled.
In the 6th issue of 2023, Luxe.CO China Investment Weekly covered 4 domestic investment and financing news from February 25, 2023, to March 3, 2023.
Originally founded in 1906, New Balance has been making running shoes since 1938. In 2000, New Balance reached the $1 billion revenue milestone. It has managed to double its sales in the last 10 years.
In 2022, PUMA significantly improved product offering across all business units and expanded their product offering in Running & Training.
Compared with the company’s September 2021 initial public offering price of $24.50 per share, the stock has fallen 79.9%.
Live Tinted is the first South Asian brand to be sold at Ulta Beauty and is the fastest-growing beauty brand in the latter’s Sparked program.
Moncler Group achieves a remarkable 25% year-over-year increase in sales, reaching €2.6 billion in 2022, with both of its major brands hitting record highs.
K11’s footprint will cover 11 key cities in the Greater China region, with a total of 39 projects.
The number of member accounts that made annual purchases exceeding 5,000 yuan exceeded 220,000, with their total retail spending reaching 2.93 billion yuan, contributing more than half of the total retail sales of offline channels.
