2 1 Shi Ji Jing Ji Bao Dao·2025-06-23 00:03Group 1 - Vipshop's marketing vice president is under investigation for corruption, revealing internal control vulnerabilities in a company valued at hundreds of billions. The company reported a net profit of $260 million in Q1 2025, a 17% year-on-year decline [2] - LVMH confirmed the opening of a 40,000 square foot flagship store in Hong Kong's K11 Musea in 2026, utilizing a "base rent + revenue share" model, reflecting a shift in commercial real estate strategies [3] - Fanatics opened its first store in Guangzhou, focusing on star card blind box sales with a price range of 300-2000 yuan, and plans to expand into major Chinese cities by 2026 [4] Group 2 - Fornasetti's parent company sold 60% of its stake to private equity firm Oakley, signaling an acceleration of its market presence in the Asia-Pacific region [5] - Laopuhuang, known for traditional gold craftsmanship, opened its first store in Singapore, reporting revenue of 8.5 billion yuan in 2024, a 167% year-on-year increase, and plans to establish four more stores in Southeast Asia by 2026 [6] - Arc'teryx signed Chinese climbing champion Pan Yufei, launching a "champion edition" climbing gear series that sold out within 48 hours [8] Group 3 - Strava completed a new funding round led by Sequoia, achieving a valuation of $2.2 billion with 150 million global users, and aims for $500 million in annual revenue by 2025 [9] - Kering appointed former Renault CEO Luca de Meo as its new CEO, marking the first leadership change in 20 years, with the stock price rising by 11.76% following the announcement [10] - Leonard Lauder, honorary chairman of Estée Lauder, passed away at 92, having significantly grown the company during his tenure [11]