BRIEF: Giordano’s profit falls 30% in 2024
Casual clothing seller Giordano International Ltd. (0709.HK) said on Thursday it expects to report that its net profit last year fell 35% or more year-on-year to between HK$205 million ($26…
Trade tensions threaten to unravel Texhong turnaround story
The yarn maker has been profitable since the second half of 2023, but its recent turnaround could be threatened by new U.S. tariffs against Chinese exports Key Takeaways: Texhong reported…
Bye bye Bossini? Faded clothing retailer gets a buyout offer
A company controlled by Olympic gold medal gymnast Li Ning has proposed a share swap that would take the well-known but now-struggling retailer private Key Takeaways: Viva Goods, controlled by…
BRIEF: Crocodile’s loss narrows sharply
Clothing brand Crocodile Garments Ltd. (0122.HK) announced its revenue rose 10% to HK$95 million($12.2 million) in the 12 months through July 31, while its loss narrowed by 68.9% to HK$33.84…
Stretched to the Max, Shandong Ruyi Loses Control of Lycra
Three years after a debt repayment default, creditors have taken control of the iconic clothing brand after its Chinese owner’s foray into high-end fashion went awry. Key Takeaways: Three and…
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