Samantha Thavasa has reported a net loss for seven consecutive fiscal years, as well as operating losses for four consecutive years, as of the fiscal year ending in February 2023.
Despite Wolford’s immediate corrective measures, such as cost-cutting, the loss situation in the first half of 2022 could not be fully alleviated.
The first Hermès store in China, located in The Peninsula Beijing, was opened after a complete renovation and expansion.
HUGO BOSS, a fashion luxury group from Germany, showcased its two major brands, BOSS and HUGO, for the first time at the CIGGE.
According to the restructuring plan submitted by Pronovias to the Ninth Commercial Court of Barcelona, the company’s debt will be reduced from 385 million euros to 125 million euros.
Ermenegildo “Gildo” Zegna, Chairman and CEO of the Zegna Group, stated, “We started 2023 with an encouraging upswing led by further reopening in the Greater China Region following COVID-19-related restrictions.
The Cartier Into The Wild exhibition will be open to the public from Thursday, April 20th to Friday, May 21st.
According to the terms of the transaction, WHP Global will acquire the Bonobos brand for $50 million, while EXPR will acquire Bonobos’ operating assets for $25 million and assume related liabilities.
Saint Angelo’s revenue in 2022 was CNY 4.313 billion, with HAZZYS showing the second-highest growth trajectory.
The generational structure of jewelry consumers is changing, and creating high-end jewelry that is more suitable for young people is becoming an opportunity that cannot be ignored.