Group 1: Gensmo Financing - Gensmo, an AI-driven fashion styling company, has completed a $60 million seed round financing [1] - The company, founded in December 2024, developed an innovative "try-on" feature that integrates with e-commerce platforms, allowing users to see digital outfit effects in real-time [1] - This financing positions Gensmo to lead the next phase of smart styling trends and enhance personalization in the fashion e-commerce ecosystem [1] Group 2: Meta's Investment in EssilorLuxottica - Meta has acquired nearly 3% of EssilorLuxottica, the world's largest eyewear manufacturer, for approximately $3.5 billion [4] - The deal is part of Meta's strategy to increase its investment in AI smart glasses, with plans to potentially raise its stake to 5% [4] - This investment deepens the collaboration between Meta and EssilorLuxottica in smart eyewear development, providing the latter with additional funding for growth [4] Group 3: On's Market Valuation - On, a Swiss sports brand, has recently gone public, achieving a valuation close to $17 billion [6] - Angel investor Roger Federer holds shares worth $500 million, marking a significant portion of his personal assets [6] - Federer's involvement has enhanced On's product innovation and global brand influence [6] Group 4: Lao Xiang Ji's IPO Progress - Lao Xiang Ji has updated its prospectus to advance its listing process on the Hong Kong Stock Exchange [8] - The company plans to increase its store count to 1,624 by June 30, 2025, and holds a 0.9% market share in China's Chinese fast food industry [8] - Revenue figures for Lao Xiang Ji from 2022 to the first four months of 2024 show growth from 4.528 billion to 6.288 billion yuan [8] Group 5: Warburg Pincus Acquires UVEX - Warburg Pincus is set to acquire a majority stake in UVEX WINTER HOLDING GmbH & Co. KG, a German sports protective equipment manufacturer [10] - The specific transaction amount and share percentage have not been disclosed [10] - The current owners will retain significant minority stakes and continue to participate in the company's operations [10] Group 6: LVMH Hotel Sale - LVMH is selling the El Encanto hotel in Santa Barbara, California, for $82.2 million [12] - The hotel, which has 90 rooms, will be managed by the new owners, moving it out of LVMH's Belmond hotel chain [12] - This sale is part of LVMH's strategy to optimize assets and focus on its core luxury business [12] Group 7: New World Development's Property Sale - New World Development is selling its K11 property building in Shanghai for 2.85 billion yuan [13] - The project, originally a flagship for New World in Shanghai, has a total area of approximately 116,000 square meters [13] - This transaction signals New World Development's ongoing strategy of asset-light operations and a shift away from the K11 brand [13] Group 8: Bawang Tea's Expansion - Bawang Tea is set to enter the Philippine market in August, opening three stores in the Manila metropolitan area [16] - Prior to the launch, the company will host a week-long "7-day Power Up Challenge" to engage local consumers [16] - This expansion aims to enhance Bawang Tea's market presence in Southeast Asia [16] Group 9: Wolford's New Executive Appointment - Wolford has appointed Marco Pozzo as the new Deputy CEO, effective July 7 [19] - His addition brings extensive experience in the fashion and consumer goods sectors to the executive committee [19] - This appointment is expected to strengthen Wolford's governance structure and support its business revival strategy [19] Group 10: Nestlé Chairman Rumors - There are rumors that Nestlé's current chairman, Paul Bulcke, will step down at next year's shareholder meeting [22] - Vice Chairman Pablo Isla is speculated to succeed him, with the company ensuring a smooth leadership transition [22] - Investor concerns regarding Nestlé's future direction have intensified, raising questions about the new leadership's ability to navigate challenges [22]