Karl Lagerfeld China Turns Loss into Profit, as Sept Wolves’ Sales Increase 6% YoY in the First Half of the Year

Aug 29, 2023

After the closing on August 24th, Chinese menswear group Septwolves (SZ:002029) released its performance report for the first half of 2023. During the reporting period, the company achieved a revenue of 1.54 billion yuan, a 6% increase from the adjusted data of the same period last year. The net profit attributable to the parent company reached 116 million yuan, a significant surge of 74% from the adjusted data of the same period last year.
During the reporting period, the Septwolves main brand collaborated with artists and designers, including partnering with artist Xu Ming to create …