奢侈品销售遇冷，昔日“全球店王”北京SKP确认出售股权

Group 1 - Boyu Fund is set to acquire a stake in Beijing SKP, with its affiliates expected to hold 42%-45% of the equity post-transaction [1][2] - Prior to the transaction, Radiance Investment Holdings and Beijing Hualian Group held 60% and 40% of Beijing SKP, respectively, with Radiance retaining control after the deal [2] - The estimated valuation of Beijing SKP's overall business is between $4 billion and $5 billion, suggesting a transaction value around $2 billion [3] Group 2 - Beijing SKP has been a leading high-end shopping destination, introducing over 700 brands, including more than 230 luxury brands [4] - The shopping center achieved a record revenue of 26.5 billion RMB (approximately $3.6 billion) in 2023, but faced a decline in performance, losing its title as "global store king" to Nanjing Deji Plaza in 2024 [7] - The luxury retail sector in China is experiencing challenges, including changing consumer preferences and increased competition from e-commerce and overseas shopping [9][10] Group 3 - The global luxury goods market is facing a downturn, with major brands like LVMH and Kering reporting declines in revenue and profits [10][11] - Bain & Company reported a 2% drop in global luxury sales in 2024, marking a significant shift after years of growth [11] - The luxury market is seeing a polarization in brand performance, with only about one-third of brands achieving growth in 2024 [11]