Forward Fashion Holdings Sees Sales Rise in Macau and Hong Kong, but Fall in Mainland China

The Chinese language luxurious group generated HKD 505.4 million (US$64.4 million) within the six months ended June 30, narrowing web loss to HKD 7.4 million from HKD 22.6 million final 12 months on the again of 1.9 p.c gross sales progress.

Gross sales in mainland China throughout the interval fell by 8.9 p.c to HKD228.1 million. ”It has been a difficult six months for the group,” Ahead Style mentioned in an announcement.

The Hong Kong-based agency attributed gross sales progress in Macau, Hong Kong and Taiwan to bourgeoning financial restoration in these markets. Gross sales in Macau elevated 8.1 p.c to HKD 225.6 million, whereas gross sales in Hong Kong and Taiwan mixed had been up 41.8 p.c to HKD 51.7 million.

The enterprise was based in 2005 by Fan Wing Ting (Patrick Fan), who’s at the moment Ahead Style Holdings’ chairman and govt director. The group retails and wholesale luxurious vogue merchandise from about 100 worldwide manufacturers, together with Moschino, Marni, Sergio Rossi and Stella McCartney. As of June 30, the group operated 178 shops in mainland China, Macau, Hong Kong and Taiwan, a majority of that are mono-brand shops. The corporate additionally operates multi-brand format shops beneath the names UM, UM Junior, UM.IXOX, IXOX, and WF Style.

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