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.

Karl Lagerfeld China has accumulated a total loss of over RMB 100 million in the past five years.

The conditions for the acquisition have been met and the parties are in the process of completing the relevant procedures for the transaction.

“After my recent trip to Greater China, I am optimistic about China’s reopening as we are witnessing a rebound in our business and the industry at large.”

Since the Pitti Uomo 94 in 2018, Pitti Immagine has cooperated with the Danish trade exhibition Revolver to set up the Scandinavian Manifesto section to showcase Nordic fashion.

20 new or established outdoor brands from all over the world participated in the exhibition.

“We expect China to restart with continuity, maybe it will happen from the second quarter of next year, which means additional growth element.”

Product is the breakthrough of the brand; it also maintains the brand’s vitality.