Septwolves Latest Annual Report Reveals Karl Lagerfeld’s China Revenue Increased by 5% YoY to RMB 292 Million

4月 11, 2023

Recently, Chinese menswear group Septwolves (SZ:002029) released its 2022 annual performance report: Due to the impact of repeated COVID-19 outbreaks, the company’s year-on-year operating revenue decreased by 8.13% to RMB 3.23 billion, and net profit attributable to the parent company decreased by 34.85% to RMB 151 million.
In recent years, Septwolves has implemented a development strategy of “Industry + Investment,” aiming to build a fashion group through transformation of its main brand and investment and acquisition.

In 2017, Septwolves acquired the Greater China …