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Activation Group Holdings Limited (Stock code: 9919.HK) 2023 Annual Results Hit Record High with Net Profit More than Tripled

2023 Annual Results Highlight (For the year ended 31 December 2023)

France , South-korea , Beijing , China , Shanghai , Hong-kong , South-korean , Korea , Chinese , Lau-kam-yiu , China-insights-industry-consultancy , Activation-group

Chinese Art Fair Dynamo Bao Yifeng Puts His Faith in the Art Ecosystem and Gallerists With 'Keen Eyes'

We spoke to Bao Yifeng, the founder of Art021 Shanghai Contemporary Art Fair, about what he values in art and life.

Switzerland , China , Shenzhen , Guangdong , Shanghai , Chengdu , Sichuan , Beijing , Chinese , Swiss , David-chau , Zeng-fanzhi

Activation Group (9919.HK): 1H23 Revenue Increased by 102.7% YoY to Approx. RMB350.3 million, Net Profit Hit Record High

Activation Group (9919.HK): 1H23 Revenue Increased by 102.7% YoY to Approx. RMB350.3 million, Net Profit Hit Record High
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Xuhui , Shanghai , China , France , Guosheng , Sichuan , Chinese , Lau-kam-yiu , Research-report-coverage , Ip-development , Hongkong-land , Activation-group

Tottenham have just released a big clue in background of 10-second training footage

Tottenham have just released a big clue in background of 10-second training footage
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Lanvin Group Announces Record 52% Pro Forma Revenue Growth in 2021 to 339 million and Filing of Registration Statement on F-4

Strong Momentum and Positive 2022 Outlook Ahead of Proposed NYSE Listing 52% pro forma global revenue growth driven by successful implementation of global growth strategy and acquisition of Sergio Rossi, with robust performance across all geographies and rapid expansion in North America and Asia Lanvin brand reported 108% global sales growth and 415% e-commerce sales increase Significant confidence in Group's 2022 performance outlook, with enhanced omni-channel strategies to boost growth in key markets SHANGHAI, July 12, 2022 /PRNewswire/ -- Lanvin Group (the "Group"), a global luxury fashion group, today announced its 2021 results and the filing with the U.S. Securities and Exchange Commission ("SEC") of a registration statement on Form F-4 (the "Registration Statement"), in connection with its previously announced proposed business combination with Primavera Capital Acquisition Corporation (NYSE: PV) ("PCAC"). Ms. Joann Cheng, Chairman and CEO of Lanvin Group, said: "Lanvin Group is proud to have delivered budget-beating results in 2021, with record growth. Building on the tremendous hard work of our team in delivering on our strategy over the past three years, 2021 has been a milestone year where we have achieved contribution margin break-even[1] and had a record 52% pro forma revenue growth[2]. Lanvin's 108% year-over-yearsales growth and Wolford's best Adjusted EBITDA[3] performance in 10 years both demonstrate the strength of our global platform and the success of our innovative strategy. We were also able to further enrich our global brand portfolio by welcoming the legendary Italian shoemaker Sergio Rossi. We are now further scaling up our business to accelerate growth with our unique proposition to transform heritage brands as we progress towards our proposed listing on the New York Stock Exchange." She continued, "We expect 2022 to be even better. We have significant momentum across all of our brands as we continue to solidify our foundation in Europe and capture the multiple untapped opportunities which exist in the North American and Asian markets." Lanvin Group's portfolio of heritage brands includes one of the oldest operating French couture houses Lanvin, Austrian skinwear specialist Wolford, Italian luxury shoemaker Sergio Rossi, iconic American womenswear brand St. John Knits, and high-end Italian menswear maker Caruso. 2021 results: record growth and proven brand transformation The Group reached a critical inflection point in its development with record growth in 2021, paving the way for consistent future growth. The Group had pro forma revenue of 339 millionin 2021[4], up 52% compared to its revenue in 2020, driven by the transformative growth of Lanvin, a strong comeback at Wolford and the successful integration of Sergio Rossi into the portfolio. With a significant improvement of 33% in Adjusted EBITDA[5]performance in the past year, the Group achieved break-even in its contribution margin in 2021 and believes it is well on track to achieve EBITDA profitability by 2024 as planned.In particular: Lanvinreaffirmed its strong growth trajectory in 2021 with a 108% year-on-year global sales increase to 73 million, demonstrating enormous vitality of the brand among today's luxury consumers, especially in the North America and Greater China markets, where sales increased by 253% and 134%, respectively. The growth is especially driven by its newly launched leather goods and footwear collections as part of its category rebalance strategy, as well as strong performance of its DTC channels, which grew by 172% compared to 2020, supported by eight new store openings and significant improvement in sales per square meter performance, and a 415% year-on-year growth in e-commerce . Wolfordrecorded revenue of 109 million in 2021, up 15% year-on-year, cementing its position as the world's leading supplier of women's skinwear in the upper premium segment. Wolford's 2021 Adjusted EBITDA also turned positive, representing the best EBITDA result in ten years (adjusted for real estate sales). We believe Wolford is now well on track for a strong, profitable performance in 2022. On an IFRS consolidated basis, the Group generated 148 million in revenue from the established EMEA market in 2021, representing 48% of global sales, and recorded 30% year-over-year sales growth amid pandemic lockdowns. Building on this strong foundation in Europe, the Group also deepened its penetration in the world's two largest luxury markets, North America and Asia, capturing previously untapped opportunities. In 2021, North America contributed 35% of total sales while Greater China more than doubled its revenue contribution and accounted for 14%. Global expansion strategy and disruptive business model driving portfolio growth Lanvin Group's growth strategies have demonstrated huge success over the past year: Product category expansion: Lanvincontinued to drive accessories and RTW sales with a refreshed brand proposition echoing the new generation of consumers. The brand's new accessory lines, such as the Pencil Bag, Hobo Cat Bag and Curb sneakers have been much sought after since launch, further reinforcing its diverse RTW offerings. The French luxury house also teamed up with Los Angeles-based cult streetwear brand Gallery Department to launch two limited-edition capsule collections. The collections, which reinvent Maison Lanvin's signature products and embrace a furiously urban style, have been highly successful favourites with fans. Wolford's"The W" athleisure lines have continued to be a new high-growth avenue for expansion, embracing athleisure and conceiving exclusive capsule collections with internationally acclaimed designers. Staying true to its commitment to craftsmanship, Wolford has created huge commercial success with both its main line of products and its collaborations with chic shoe brand Amina Muaddi in 2021, Italian legendary dressmaker Alberta Ferretti and iconic streetwear brand GCDS in 2022, among others. These collaborations have boosted Wolford's brand awareness and propelled its rapid growth. Sales channels and footprint upgrade: Global DTC sales increased by 50%, driven by a disciplined retail footprint and e-commerce expansion as the Group continued to diversify its revenue mix and reduce reliance on wholesale channels. The Group continued to open new stores for its portfolio brands in strategic locations in Europe, North America and Asia, and saw significant improvement in existing stores' annualized sales per square meter. We believe the new stores are well on course to recover their initial investments with many already profitable, paving the way for further expansion. The Group continued to strengthen its portfolio brands' digital architecture and e-commerce coverage, most recently launching a new digital platform powered by Shopify's innovative technologies in North America, with Lanvin and Sergio Rossi becoming the first two brands to transition onto the platform starting in H2 2022. Acquisition: Sergio Rossi was acquired by Lanvin Group in the second half of 2021. Since then, Sergio Rossi has been integrated into the Group's ecosystem as another critical pillar, providing luxury shoemaking expertise that also benefits the other portfolio brands. The Group will continue to explore synergetic strategic partnerships and acquisition opportunities, which expand its luxury fashion ecosystem and complement its existing portfolio. Strategic alliance expansion: In 2021, Lanvin Group entered into strategic partnerships with ITOCHU Corporation (8001.T), a preeminent Japanese trading conglomerate; Baozun(NASDAQ: BZUN and HKEX: 09991.HK), a leading e-commerce business partner of global fashion, luxury and other brands in China; Activation Group (9919.HK), a leading interactive data performance marketing group for fashion and luxury brands in Greater China; and Stella International(1836.HK), a leading developer and manufacturer of luxury footwear and leather goods. Each of these partners is a leader in it

Japan , Shanghai , China , United-states , Hong-kong , Singapore , Italy , Beijing , Austria , France , Italian , America

Lanvin Group Announces Record 52% Pro Forma Revenue Growth in 2021 to €339 million and Filing of Registration Statement on F-4

Strong Momentum and Positive 2022 Outlook Ahead of Proposed NYSE Listing 52% pro forma global revenue growth driven by successful implementation of global...

Japan , Shanghai , China , United-states , Hong-kong , Singapore , Italy , Beijing , Austria , France , Italian , America

Lanvin Group Announces Record 52% Pro Forma Revenue Growth in 2021 to €339 million and Filing of Registration Statement on F-4

Strong Momentum and Positive 2022 Outlook Ahead of Proposed NYSE Listing 52% pro forma global revenue growth driven by successful implementation of global...

Japan , Shanghai , China , United-states , Hong-kong , Singapore , Italy , Beijing , Austria , France , Italian , America

Lanvin Group, a Global Luxury Fashion Group, to Become Publicly Traded on the NYSE via Business Combination with Primavera Capital Acquisition Corporation

Lanvin Group is a global luxury fashion group that owns the oldest operating French couture house Lanvin, Italian luxury shoemaker Sergio Rossi, Austrian...

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What's Next for Lanvin Group? | China Decoded, BoF Professional

What's Next for Lanvin Group? | China Decoded, BoF Professional
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