Levi 'S Parent Company Q2 Profits Increased Substantially

Today we have ourselves.

News about cosmetics brands and food brands.

First of all, Levi 's parent company's earnings in the second quarter revealed its problems in revenue growth, but the growth rate of 12% in the Asian market and the growth of the electricity supplier business still saw hope.

Secondly,

The news of group LVMH's investment company's intention to acquire Korean cosmetics company CLIO has also aroused intense concern in the industry.

In addition, Britain's largest sports fashion brand JD Sports and American sports leisure brand Skechers have launched new initiatives in the European market.

1, Levi 's parent company Q2 profits increased significantly, the Asian market and the electricity supplier business were bright.

The Levi 's (Levi's) parent company was still unable to achieve growth in the second quarter of the US retail industry, but its profitability has improved substantially in the case of less spending: net profit of $31 million, up 163% from the same period last year.

Levi s CEO Chip Bergh said in the quarterly report that during the period, the US group's retail business and international business strength offset the decline in domestic wholesale business sales, so that the overall net revenue remained unchanged at 1 billion 12 million US dollars in the same period last year. After excluding the impact of the exchange rate, the growth rate was 1%, and the negative impact of the US dollar strength was US $14 million.

By region, Levi 's Americas market income decreased by 5.3% to US $589 million compared to the same period last year, while the European market and Asian market achieved 8.6% and 8.3% growth respectively, with revenues of US $241 million and US $182 million.

According to the channel, fixed exchange rate Levi 's retail business revenue recorded a low double-digit increase, mainly due to the expansion of the retail network and the growth of e-commerce. Wholesale business showed a low digit drop.

Chip Bergh pointed out that the traditional department store channel has been facing great challenges over the past year, and this channel occupies a large proportion of the group's US business. This also led to the group's stock growth up to 29% to 790 million 400 thousand dollars by the year May 29th.

2. LVMH group will invest in Korean cosmetics company CLIO

According to foreign media reports, L Capital, an investment company of luxury group LVMH, intends to invest in CLIO, a Korean cosmetics company. Its investment amount is about $50 million, and will be acquired through redeemable convertible preferred stock.

It is understood that CLIO was founded in 1997, and owns three brands of CLIO Professional make-up, PERIPERA make-up and GOODAL skin care, with a unit price of 100-300 yuan, and currently has separate stores in Korea, the United States and Hongkong.

In 2015, its annual sales amounted to 600 million yuan, about two times that of the same period in 2014.

At present, the company is planning IPO, and the estimated value is RMB 5 billion 800 million yuan.

LVMH currently has 9 cosmetics and perfume brands, including skin care and cosmetics brands including Guerlain, Fresh, Make Up For Ever, and high-end and high-end market.

3, the chocolate brand Kinder was planted in Germany?

Recently, the chocolate brand Kinder of FERRERO ROCHER, Italy, was found to contain carcinogenic aromatic hydrocarbon mineral oil in Germany. Germany's largest supermarket chain, Ardi, has started its operation and recalled it.

According to foreign media reports, the German food inspection organization Foodwatch found more than 20 snacks in the local market, and found that Kinder Reigel, SWISS THINS (Lindt) Fioretto series of chocolate Nikoli and a German brand Rubezahl a total of 3 chocolate products containing carcinogenic aromatic hydrocarbon mineral oil, appealed to suppliers to recall.

Among them, the highest content of aromatic hydrocarbons in the chocolate bars of the kinder chocolate reached 1.2mg/kg.

It is reported that aromatic hydrocarbon mineral oil is a by-product during the refining period. When some recycled paper sheets containing oily ink are made into food wrapping paper, the chemicals may infiltrate into the food, which will accumulate in the body after eating, cause long-term damage to the organs, and have a deeper impact on children.

4. JD Sports, the largest sports fashion brand in the United Kingdom, speeds up the pace of European market expansion.

JD Sports, Britain's largest sports fashion retail companies, has accelerated its expansion in other European countries.

A few days ago, it announced that the acquisition of Portugal's international clothing shoes repeatedly retail chain enterprise Sportiberica most of the shares.

It is reported that after the completion of the acquisition, JD Sports will operate 12 shops in Portugal, covering cities such as Lisbon, Oporto and Coimbra, which will be managed by JD Sports Spain branch.

5, the US sports leisure brand Skechers will build the European logistics center.

Skechers, the US sports and leisure brand, said that the company will further expand its international business because its revenue from the export business is far more than that of its domestic market in the US. (Cage)

Recently, Skechers has built a large logistics distribution center in Europe to meet the growing market demand in the European market.

It is reported that Skechers's revenue in 2015 was US $3 billion 147 million, but the challenge of logistics led to its biggest international business.

Therefore, its logistics distribution center in Belgium has expanded four times, reaching the current 98500 square meters.

Skechers said in the first quarter that the logistics center in Belgium can handle 8 million 100 thousand pairs of shoes and distribute them to all parts of Europe.

Now the new logistics center will be equipped with the latest automation system, so that its processing capacity has been greatly improved.