Coach's parent company acquires MK's parent company for $8.5 billion
According to the Wall Street Journal, Coach's parent company, Tapestry Group, reached an acquisition agreement with fashion group Carpi for $8.5 billion. At that price, Tapestry's acquisition of Carpi reached $57 per share. Prior to the trading landing, Carpi's share price was $54.90 per share in the previous trading day.
In addition to Coach, Tapestry also owns Kate Spade and Stuart Weitzman. The Carpi Group owns the brands Michael Kors, Jimmy Choo and Versace.
Notably, Tapestry currently has a market cap of about $9.6 billion and Capri Group has a market cap of about $4.1 billion, which will be worth more than $13 billion when combined.
Michael Kors' parent company's first-quarter revenue fell nearly 10 percent
In the three months ended July 1, Michael Kors' parent company Capri's revenue fell 9.6% year-over-year to $1.23 billion, gross margin was about 66%, and net profit shrank sharply 76% to $48 million, but still exceeded analyst expectations.
By brand, Versace revenue fell nearly 6 percent, Jimmy Choo grew 7 percent, and Michael Kors plunged 13.4 percent. As a result of the acquisition with Tapestry Group, Capri did not give guidance for full-year results and has withdrawn its previous forecast.
Shanghai was fined for permanently selling substandard children's cars and electric vehicles
According to the Qichacha APP, recently, Shanghai Permanent Bicycle Co., Ltd. was fined more than 179,000 yuan and confiscated more than 4,200 yuan of illegal income by the Shanghai Municipal Administration for Market Supervision for producing unqualified products and selling products without applying for certification certificate extension.
The reason for the punishment shows that after testing, the children's bicycle chain cover project with model snooker-12 produced by the party was unqualified, and the speed prompt, reflector, lighting, and short circuit protection items of electric bicycle model TDT102Z were unqualified, and the two products sold 467 and 38 units respectively. In addition, children's bicycles are products listed in the national compulsory product certification catalog, and after investigation, the parties did not apply for certification certificate extension to the certification body in accordance with the regulations, and sold three snooker children's bicycles without authorization, a total of 1759 snooker children's bicycles.
Laiyifen Company added real estate leasing business
According to the Qichacha APP, recently, Shanghai Laiyifen Co., Ltd. added industrial and commercial change information, the registered capital was reduced from 336.8 million yuan to 336.6 million yuan, in addition, the business scope added integrated circuit chip and product sales, electronic components retail, integrated circuit sales, housing leasing, non-residential real estate leasing, etc.
According to enterprise investigation information, the company was established in July 2002, the legal representative is Yu Ruifen, and was listed on the A-share board of the Shanghai Stock Exchange in October 2016, and its shareholders include Shanghai Aiwu Enterprise Management Co., Ltd. and Wang Xiaoming.
Bawang Chaji Beijing Company increased its capital to 148 million, an increase of 9103%
QICHACHA APP SHOWS THAT RECENTLY, BEIJING CHAJI CATERING MANAGEMENT CO., LTD., AN AFFILIATE OF TEA BRAND BAWANG CHAJI, HAS UNDERGONE INDUSTRIAL AND COMMERCIAL CHANGES, AND A NEW SHAREHOLDER CHAGEE INVESTMENT PTE HAS BEEN ADDED. LTD., at the same time, the registered capital increased from about 1.61 million yuan to about 148 million yuan, an increase of about 9103%.
Enterprise investigation information shows that the company was established in 2020, Zhang Junjie is the legal representative and chairman, and its business scope includes catering management, supply chain management, and food sales. Not long ago, the first flagship store of "Bawang Chaji" in Beijing was unveiled and officially entered the Beijing market.
Kose's revenue increased by more than 10% in the first half of the year
Japanese beauty group Kose's total sales in the first half of the year increased by 10.5% year-on-year, and operating profit rose by 44.5%, mainly due to the recovery of the local market and the rapid growth of makeup brand Tarte, while the Korean market performed sluggishly, and ALBION, one of the three leading brands, also slowed down. The group said it will continue to open new stores offline in the future to strengthen consumers' awareness of its brand's high-end positioning.
Esprit's parent company may lose more than 700 million yuan in the first half of the year
Esprit's parent company Esprit Global issued a profit warning, expecting the group to turn from profit to loss in the first half of June 30, recording a net loss of HK$715 million, compared with a net profit of HK$13 million in the same period last year, and sales will also fall 16.6% to HK$3.025 billion.
The group said the sluggish performance was mainly due to the uncertainty of the global retail environment and the reduction in consumer demand and increased costs due to inflation.
Giordano's first-half profit jumped nearly 96%
Giordano released its first-half results report on Thursday, with sales up 5% year-on-year to HK$1.97 billion, net profit soaring nearly 96% to HK$190 million, net profit margin of 9.6%, and gross margin also improving to 58.7%. As at the end of the reporting period, the Group's inventory balance had fallen to approximately HK$500 million.
"Snacks are busy" strategic investment in another snack collection store brand "just goods shop"
Recently, the head brand of mass sale snacks "Snacks is Busy" announced that it has strategically invested tens of millions of yuan in another snack collection store brand "Qia Goods Shop", and the two parties will jointly develop the national market. In addition to financial support, snacks are busy and will also open up the operation system, management experience, supply chain resources, etc. to the store of goods.
During the same period, Changsha-based snack shop chain "Love Snacks" announced its holding in Chengdu's local snack chain brand "Dinosaur and Teddy".
As a track that has sprung up in recent years, snack collection stores continue to be favored by capital. The biggest selling point of such brands is the adoption of the "low-price volume" model, selling dairy products, convenience foods, beverages, snack foods and other categories in offline stores, both domestic and imported foods.
YSL, Lancôme, Estée Lauder, Perfect Diary and more launch Tanabata Collection
On Valentine's Day 2023, YSL presents the "Night Confusion Blazing Love Series" to immerse love in the luminous light. The packaging design incorporates zebra elements to recreate the passionate moment of love. The luxurious satin velvet lipstick has a creamy texture that is #2打造女主角气场, #1966带来完美调和的暖棕红色, #302打造气质唇色 and #314塑造干净淡雅的妆容.
In order to welcome Qixi Festival, Lancome presents the "Absolute Perfect Lipstick 2023 Qixi Valentine's Day Limited Edition", inspired by the butterfly symbolizing love, and regards pure and firm love as a dancing journey to eternal love together. The limited edition lipstick is crafted from a silky shell and embellished with a dazzling butterfly foil pattern, combined with three velvet mist shades – Low Saturation Baby Brown #292, Rose Warm Brown #200 and Sunset Warm Orange #196 – for a gift-giving choice.
Under the theme of "Stealing Heart Lock", Estée Lauder designed a limited edition of "Exquisite Luxury Lipstick" and "Inseparable Contour Palette". The sleek and contrasting double-ring locking clasp of the packaging design is designed with two opposite "9s" on the left and right, covered with light pink tubes and shells, suggesting "longevity". The 3 shades of lipstick are based on pure lust nude, including the first shade #564 - Lucky Kiss, which is as pink as sweet apricot jelly. The other two shades are also made of versatile clear tea powder and rose light li respectively to create a sweet look.
Barbie Pollan launches the Tanabata Moonlight Limited Series, and rushes to the romantic galaxy on a heartwarming night. The moonstone cheek disc combines explosive moonstone with a limited new color, a new high-gloss color, and atmospheric halo dyeing in one plate. The shell is shining and flowing, like an overflowing love. LUXURY GOLD EYESHADOW IS LAUNCHED IN A NEW COLOR SOLAR WIND STAR ROSE, WHICH IS USED TO SHOW LOVE WITH PINK GLOW PORK BELLY HIGHLIGHTER AND LUXURY GOLD LIPSTICK #136 HONEY OOLONG SHADE.
The Perfect Diary Qixi "Love Poems" gift box takes the Qixi Festival as an inspiration source, and integrates the unique Chinese romantic temperament of Fu Poems into the exterior design. The gift box includes the "Cloud Encounter" eyeshadow palette, two "small heel" lipstick love poems limited and "blue loose powder" love poems limited to four products. The appearance of the products is custom-designed by the Qixi Festival, with a pearlescent cloud yarn touch and a love poem pattern, which sets off the ambiguous atmosphere between lovers.
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