2 1 Shi Ji Jing Ji Bao Dao·2025-08-25 00:11Group 1: Industry Dynamics - Valentino appointed Riccardo Bellini as the new CEO, effective September, to replace Jacopo Venturini [3] - Guess announced a privatization deal valued at approximately $1.4 billion with Authentic Brands Group, marking a strategic shift for the company [4] - L'Oréal decided to shut down its recently acquired makeup brand Healus, retaining only the skincare brand Dr.G, indicating a strategic business adjustment [5] Group 2: Company Performance - Coty reported a 4% decline in net revenue for the fiscal year 2025, with a net loss of $381 million, attributed to goodwill impairment [8][9] - Estée Lauder's net sales for fiscal year 2025 fell by 8% to $14.326 billion, with significant operating losses due to various factors including goodwill impairment [10][11] - Li Ning's revenue grew by 3.3% to 14.817 billion RMB, with a net profit of 1.737 billion RMB, reflecting a stable financial performance [2] Group 3: Notable Growth - Pop Mart's revenue surged by 204.4% to 13.88 billion RMB, with net profit increasing by 396.5%, driven by the success of the Labubu product line [6] - Perfect Moment's revenue increased by 51% to $1.5 million in Q1 2025, although the company still reported a net loss [12] - Pandora's Q2 revenue grew by 8%, reaching 7.075 billion DKK, despite plans to close up to 100 stores in China [12] Group 4: Market Challenges - Estée Lauder's stock fell by 9% in pre-market trading after reporting lower-than-expected profits, highlighting ongoing market pressures [10] - Coty anticipates a revenue decline of 6% to 8% in Q1 2026, indicating continued challenges in stabilizing growth [9] - The frequent personnel changes among major brands reflect common strategies to navigate a challenging market environment [4]