For Angel Ramos, this acquisition represents an opportunity to elevate his brand to a whole new level and reach a broader audience of fashionable men.
Luxe.CO and Luxeplace.com will be dispatching a reporting team to Florence in June to cover Pitti Uomo 104 on ground!
The brand name LF has a dual meaning, as it can be understood as an abbreviation of Luis Figo’s initials, and can also be linked to the brand’s positioning as Luxury Fashion.
Biemlfdlkk’s Q1 operating revenue increased by 33.13% year-on-year to RMB 1.079 billion, and the net profit attributable to shareholders of the listed company increased by 41.36% year-on-year to RMB 300 million.
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.
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.”
