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PEACEBIRD’s Annual Revenue Exceeds 10 Billion Yuan for The First Ti...

Chinese Fashion Company Ningbo Peacebird Fashion Co., Ltd. (hereinafter referred to as “PEACEBIRD”, SH:603877) issued its 2021 annual report on March 29, 2022. It revealed that its revenue surpassed 10 billion yuan for the first time, reaching 10.92 billio ...

A Year of “Expansion” Through Diversification for POP MART

On March 28, POP MART (HK:09992), a Beijing-based pop culture and art toy company, issued its 2021 financial statement which illustrated continuous fast growth of the business with the group’s annual revenue reaching 4.49 billion yuan, a 78.7% year-on-year ...

Annual Sales of SHANGHAI Watch has again Hit 100 million

On 21 March, Yuyuan Inc. (600655.SH) disclosed in its 2021 annual report that its revenue has increased by 12.2% year on year, among which the watch sector has hit a new record. The revival scheme of SHANGHAI Watch has made some progress. In 2021, the annu ...

Focusing on Five Strengths: Li-Ning’s Net Profit Exceeds 4 Billion ...

On March 18th, the Hong Kong-listed Chinese sportswear giant Li-Ning Company Limited (HK: 02331, thereafter referred to as the “Company” or “Li-Ning Company”) released its 2021 annual report. It reported an annual revenue of 22.572 billion yuan, a 56.13% y ...

Four Indicators in LILANZ’s Latest Financial Report Display a Robus...

On March 18, Chinese menswear LILANZ (China Lilang Ltd.,HK1234) issued its 2021 annual report, which showed an annual revenue of 3.38 billion yuan with a 26.1% growth. Founded in 1987, LILANZ was the first Chinese menswear brand that announced its initial ...

Xtep’s 2021 Financial Report: Revenue Exceeds 10 Billion Yuan for T...

Xtep International Holdings Limited (HK:01368) has released its 2021 financial report on March 16th. According to the financial report, Xtep's revenue exceeded 10 billion yuan for the first time, setting a record of 10.013 billion yuan and achieving a 22.5 ...

ELLASSAY’s 2021 Annual Report: Laurèl, IRO Paris, self-portrait and...

On March 10th, ELLASSAY CO., LTD (STOCK CODE: 603808, the “Company”) issued its key operational data of 2021. The report shows that the company’s revenue reached around 2.3 to 2.4 billion yuan, a 17.2% to 22.3% year-on-year growth. The Company states that ...

UNIQLO’s Parent Company Fast Retailing Kicks Off Its First Automate...

UNIQLO’s parent company Fast Retailing Co., Ltd. (“Fast Retailing”) has recently announced that the company will kick off automated warehouses in China before August 2022. It is said that this project in the Chinese market is an important part of Fast Reta ...

L'ÉCOLE School of Jewelry Arts Opens Its Third Permanent Campus in ...

Founded on the support of the renowned luxury jewelry brand Van Cleef & Arpels, L'ÉCOLE School of Jewelry Arts  is celebrating its 10th anniversary this year. L'ÉCOLE, School of Jewelry Arts (“L'ÉCOLE”) started at Place Vendôme, Paris in 2012 and set u ...

Targeting China’s Swimwear Market, DESCENTE Bought Back All Equity ...

Recently, DESCENTE, a Japanese high-end sportswear brand announced its acquisition of a 100% stake in Arena Shanghai Industrial Co., Limited (“ASH”) and its intention to make ASH a consolidated subsidiary to promote Arena’s brand awareness and business gro ...

Beijing Plans To Become A Centre of Global Consumption and A City o...

On 8 February, the 2022 Beijing Media Center held a press conference for the Construction of Beijing As A Global Consumption Center. According to the statistics released by the Beijing Municipal Commerce Bureau, in 2021, the total consumption, service cons ...

Hainan's Offshore Duty-free Stores Generate Sales of Nearly 2 Billi...

As new policies on offshore duty-free shopping took effect in June 2020, consumption continued to grow during the 2022 Spring Festival. There are in total 10 offshore duty-free stores in Hainan at present. According to the Department of Commerce of Hainan ...

Victoria’s Secret & Co Forms Joint Venture with Chinese Supplier to...

On 25th February, Victoria’s Secret announced that it would form a joint venture with Regina Miracle International Ltd., (hereinafter referred to as RMI, Ltd), a Hong Kong underwear brand and would sell 49% of its share to RMI, Ltd at 45 million dollars. T ...

The Attr. Net Profit Had Approached RMB 10 Billion, According to CD...

According to the 2021 Annual Performance Report released by China Duty Free Group (CDFG) on January 21, during the reporting period, the company’s operating income had grown to RMB 67.67 billion, an increase of 28.65% year-on-year and the net profit attrib ...

Sequoia Capital China Acquires Majority Stake in WE11DONE, of whom ...

Sequoia Capital China announced the acquisition of a majority stake in WE11DONE, a fashion brand originated in Seoul, on January 13, marking another step for the company into the global fashion segment. Last year, Sequoia China gained a controlling stake i ...

China’s Wearable Technology Company Acquired Suunto of Amer Sports

On 10 January, Amer Sports announced that the group had already reached an agreement with Liesheng, a Chinese wearable technology company, and would sell its brand Suunto. It is expected that this acquisition will be completed by the first half of 2022. In ...

Chow Tai Fook Reported Retail Sales Value Growth of 31.1% in 4QFY2021

On January 11, the Hong Kong-based Chow Tai Fook Jewelry Group Ltd. released unaudited key operational data for the three months ended December 31, 2021. For the three months, the Group’s retail sales value had increased by 31.1% year-on-year. The growth w ...

ABG Announces Tristate Becomes Licensee of Reebok in Greater China

On January 6th, the Authentic Brands Group (thereinafter referred to as “ABG”), an American brand development, marketing and entertainment company, signed a long-term license agreement with Tristate Holdings Limited (“Tristate”; SEHK Stock Code: 458), a lo ...

Anta Group’s Five Important Decisions Over The Past 30 Years and A ...

On 18 December, Anta Group held a press conference at its Jinjiang headquarter to announce its new 10-year-strategic plan and sustainable development strategy over the next 10 years while summarizing its past 30 years. Five important strategic decisions ov ...

Keywords for the Mid-Year Earnings Report of China’s Down Jacket Gi...

The 2021 Mid-term Performance Report of Bosideng (HK: 3998), China’s down jacket brand, shows that, as of 30 September, its sales income has reached 5.39 billion yuan and increased by 15.6% year-on-year. Down jacket business is the group’s biggest source o ...

SKP Becomes the First Carbon-neutral Retail Mall Certified by Carbo...

On November 16th, 2021, the luxury department store chain SKP became China’s first retail group to be certified carbon neutral after it was certified by Carbonstop, China’s first carbon management software and consulting services provider. In June 2021, SK ...

Amedeo Testoni Goes to Viva China Holdings controlled by Li Ning in...

On November 3rd, Viva China Holdings (thereafter referred to as “Viva China”, SEHK:08032), a company controlled by Li Ning, announced that it would purchase the entire issued share capital of Sitoy AT Holdings Company Limited (thereafter referred to as “Si ...

BLUE SKY LAB Debuts at Shanghai Fashion Week

On October 15, NIO Life's new sustainable fashion brand BLUE SKY LAB is officially makes its global debut at Shanghai Fashion Week. Circular economy is crucial to sustainable development. BLUE SKY LAB recycles and reuses three vehicle-grade fabrics ,“seat ...

CITIC Capital and SCPG Raised RMB 2.625 Billion to Capture Commerci...

On September 15, the Real Estate Department of CITIC Capital announced that it had raided RMB 2.625 billion for the first phase of SCPG- CITIC Capital China Retail Upgrade M&A Fund (hereinafter referred to as the “Fund”) in collaboration with SCPG on J ...

What Measures will Beijing Take to Grow into an International Consu...

The 2021 Beijing International Consumption Center Urban Forum kicked off at the CIFTIS Shougang Park on September 5, on the occasion of which the Action Plan for Establishing Beijing as an International Consumption Center was released. According to the goa ...

The Revenue of China World Trade Center Grew by 22% to RMB 1.75 Bil...

According to the 2021 Mid-term Financial Report released by the China World Trade Center (“CWTC”) (SH:600007) in the evening of August 26, the company’s revenue had grown by 22.05% to RMB 1.75 billion in the first half of 2021, an increase of 1.4% from RMB ...

Wolford’s Sales Grew by 65% and Wolford*NEIWAI Collection will be L...

The Austrian luxury lingerie brand Wolford released their key financial data of the six-month period ended June 30 2021. Sales grew by 10% to EUR 41.9 million A loss of EUR 13.3 million, which dropped by 31% Operating costs dropped by 8% Gross profit margi ...

Chinese Womenswear Brand ICICLE is Expected to Open a Store in Osaka

ICICLE, a mid-to-high-end clothing brand of the Shanghai Zhihe Fashion Industry Group (“Zhihe Group”), will open a store in Osaka in a few days, which will be the first store of the brand in Japan. It is reported that the store is located at F6 of Hankyu D ...

CDF Mall Growth of 210% | The 2021 Mid-Term Performance Report of CDF

CDF (China Duty Free Group, stock code: SH.601888) released its 2021 Mid-Term Performance Report on August 27. During the reporting period, the company’s offshore duty-free business had grown markedly, driven a growth in operating income to RMB 35.526 bill ...

The Parent Company of IRO, self-portrait and Laurèl Released the 20...

ELLASSAY, a Chinese womenswear fashion group and the parent company of IRO, self-portrait and Laurèl, released the 2021 Mid-term Performance Report in the evening of August 27, according to which the company’s revenue reached RMB 1.099 billion in the first ...