Circular fashion startup Circ raised almost $9 million in a Series A funding round in 2020, followed by a $30 million Series B round in July 2021, as the company continues to use patented technology to recycle fashion waste and reduce the demand for virgin clothing materials.
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.
On the following analyst’s call, , Chief Executive Officer and General Manager Marco Gobbetti said sales in mainland China at the start of the year were also encouraging.
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.
