Castore may seek a new round of funding to push its valuation to over £1 billion and potentially go public in the mid-term.
If the deal goes through, it would be at a discount of around 90% to the initial public offering price of 295p roughly 18 months ago.
More than three months after the opening of Bosideng’s London flagship store, LuxePlace.com visited the store on-site and found the redesigned store very different from the previous one. Through this article, we will take readers to understand how Bosideng re-arranged its London flagship store and how to step out again as a Chinese brand going abroad.
After the transaction is completed, the company’s shares will list on the Nasdaq under the ticker symbol “LOT”. Lotus Tech’s value is expected to be about $ 5.4 billion.
Burberry said its near and medium-term targets “remain unchanged as we continue to target high-single digit revenue growth with operating leverage ensuring good margin progression.”
In APAC, Q3 revenue declined 4% due to China, partly because of the Covid impacts.
As of December 31, 2021, Stella McCartney’s turnover increased by 14% year-on-year to 32.5 million pounds, gross Profit rose 17% year-on-year to ￡23.8 million.
Worn’s buyers and sellers will be onboarded onto the Sellier platform as part of the deal, growing the latter’s business by around 25 percent in the coming year.
