消费并购依旧热闹。 近日，贝恩资本宣布收购Andar母公司、韩国上市公司EcoMarketing，交易总对价为5000亿韩元（约合人民币24亿 元）。 有着"韩版Lululemon"之称，Andar是韩国知名运动服饰品牌之一。旗下消费项目星光熠熠，贝恩资本此番出手，堪称 最近消费并购火爆的一缕缩影。 韩版Lululemon卖了20亿 本次收购将分两步进行—— 首先，贝恩资本与最大股东及关联方签署了股权收购协议，拟以2166亿韩元（约合人民币10亿元）的价格，收购其所 持43.66%股权； 再以每股16000韩元（较前收盘价溢价49.5%）的价格，要约收购剩余56.4%流通股，后续推进公司自愿退市。 始于2015年，瑜伽老师申爱怜在首尔创立Andar，主打瑜伽、高尔夫等运动服饰。初期聚焦女性市场，2020年后逐步 扩展到男装品类，成长为涵盖日常服饰的综合品牌。 比起Lululemon动辄上千的价格，Andar多集中在数百元价位。除了普通运动爱好者，不少韩剧女星也纷纷成为拥趸。 2025上半年，品牌累计销售额达到1358亿韩元，创下历史新高。 来自Andar官网 Andar的母公司Echo Marketing，业 ...

2025年末2026年初，战略分化与市场洗牌同步上演。 美国高端百货巨头Saks Global因债务危机濒临破产，首席执行官火线换将；英国品牌LK Bennett则六年 内第二次申请破产管理，凸显了多品牌集合店与中间价位品牌在当下市场中的脆弱性。 行业巨头正通过资本运作与战略聚焦强化控制力：LVMH收购法国权威杂志，持续构建其文化话语权壁 垒；Salvatore Ferragamo及Brunello Cucinelli两大意大利家族则分别通过收回中国区控制权、升级控股公 司架构，巩固家族治理并谋划长远未来；安德玛押注数字转型老将，自救长路漫漫。继加拿大鹅和日本 Mash集团后，贝恩资本又以3.44亿美元收购Andar母公司，继续布局消费赛道。 与此同时，中国市场中歌力思完成内部交棒，聚焦盈利提升；林清轩成功登陆港交所，标志着本土品牌 在高端化路径上取得关键突破；万象滨海购物村开业爆火，湾区"一小时生活圈"潜力待掘。 1.继加拿大鹅后，贝恩3.44亿美元收购Andar母公司 2026年1月2日，贝恩资本官宣以5000亿韩元（约3.44亿美元）收购韩国KOSDAQ上市公司EcoMarketing （韩国头部运动休 ...

21世纪经济报道记者 高江虹 实习生 张贺芸 2025年末2026年初，战略分化与市场洗牌同步上演。 美国高端百货巨头Saks Global因债务危机濒临破产，首席执行官火线换将；英国品牌LK Bennett则六年 内第二次申请破产管理，凸显了多品牌集合店与中间价位品牌在当下市场中的脆弱性。 EcoMarketing核心品牌Andar主打瑜伽、高尔夫服饰，2025年一季度销量创历史新高且已布局澳、美海 外市场，此次是贝恩继加拿大鹅、日本Mash集团后，在时尚消费领域的又一重要布局，市场期待其赋 能品牌加速全球化。 点评：贝恩频繁出手消费赛道，眼光独到。 2. 奢侈品零售商Saks Global首席执行官辞职，据称公司正筹备破产 奢侈品百货集团Saks Global于上周五宣布，其首席执行官Marc Metrick已卸任，由执行主席Richard Baker接任。 Baker是房地产公司NRDC的所有者，在零售和房地产领域拥有长期经验。他曾担任零售机 会投资公司的主席，并自2017年起担任Saks Fifth Avenue基金会的主席。 此次高层变动正值奢侈品零售商Saks Global面临破产传闻之际，该集团 ...

Core Viewpoint - The National Administration of Traditional Chinese Medicine held a press conference focusing on winter health promotion through traditional Chinese medicine, emphasizing the importance of "winter storage" for health maintenance during the winter season [1] Group 1: Principles of Winter Health - The core principle of winter health in traditional Chinese medicine is "winter storage," which involves nurturing the body's foundational energy and preserving Yang energy during the cold season [1] - "Winter storage" consists of two main aspects: nurturing the kidneys to store essence and preserving energy to prevent the depletion of Yang energy due to cold weather [1] Group 2: Daily Practices for Winter Health - In terms of diet and daily routine, it is recommended to create a warm internal environment by consuming warming foods such as beef, mutton, longan, walnuts, black sesame, goji berries, ginger, and jujube, while avoiding cold and raw foods [1] - The daily routine should include going to bed early and waking up later to avoid the coldest morning hours, thus preserving Yang energy [1] Group 3: Exercise and Emotional Well-being - For exercise, gentle activities like Tai Chi, Baduanjin, yoga, and light walking are encouraged to avoid excessive sweating and energy depletion [2] - Emotional well-being can be maintained through reading and meditation to keep the mind calm and prevent emotional fluctuations that could lead to energy loss [2] Group 4: Cold Protection and Warmth Maintenance - Maintaining a comfortable indoor temperature between 18-22 degrees Celsius is advised, along with regular ventilation to prevent large temperature differences [2] - Specific body parts should be kept warm, such as wearing hats and scarves outdoors and soaking feet in warm water at night to ensure warmth in key areas [2]

Core Viewpoint - Exercise is crucial for mental health, especially in high-pressure environments, as it helps counteract the overreaction of the amygdala, alleviating stress and depression [1][2]. Group 1: Underestimated Anti-Depression Exercises - Dancing is identified as the most effective exercise for treating depression, as it combines music and movement, stimulating the brain's reward center and promoting the release of endorphins and dopamine [4][5][6]. - Badminton is highlighted for its immersive experience, providing immediate feedback and a sense of flow, which enhances long-term happiness [7][10]. - Yoga promotes mental and physical balance, reduces stress, and fosters a harmonious connection between body, mind, and spirit [11]. Group 2: Additional Effective Exercises - Tai Chi and Ba Duan Jin are beneficial for reducing inflammation and improving mental health through low-intensity movements that can be performed anywhere [12]. - Walking and running increase the levels of endocannabinoids in the blood, which are linked to feelings of euphoria, and spending time in nature enhances overall well-being [13][14][15]. - Swimming is a low-impact exercise that minimizes stress on joints and allows for mental relaxation by disconnecting from external distractions [17][19]. - Rock climbing, referred to as bouldering therapy, helps alleviate anxiety and depression by requiring intense focus and resilience through repeated challenges [20][22][23]. Group 3: Conclusion - The key takeaway is that the specific type of exercise is less important than the act of engaging in physical activity itself, which can significantly improve emotional and physical health [24].

Core Insights - The phenomenon of winter weight gain is becoming a concern as many individuals who successfully lost weight are experiencing a rebound in their weight during the colder months [1][2] Group 1: Physiological Factors - As temperatures drop, the body's metabolism speeds up, leading to increased calorie consumption due to the activation of brown fat, which burns energy for warmth [1] - However, the body's complex regulatory systems can negate the metabolic advantages gained in winter, as hormonal rhythms shift, causing decreased energy during the day and increased cravings for high-calorie foods at night [2] Group 2: Social and Environmental Influences - The winter season is characterized by frequent social gatherings and holidays, which promote the consumption of high-calorie, high-sugar, and high-fat foods, making it difficult to maintain dietary restraint [2] Group 3: Recommendations for Weight Management - Daily weighing is recommended as an effective strategy to prevent weight regain, encouraging individuals to monitor their weight changes regularly [2] - Engaging in moderate-intensity aerobic exercises, such as brisk walking, yoga, or tai chi, is advised to maintain fitness without excessive strain [2] - Finding a supportive partner for weight management can significantly enhance adherence and success rates in maintaining weight [2]

Core Insights - The report highlights the growing enthusiasm for interest-based consumption among mainstream consumer groups, with a total e-commerce consumption of 385.2 billion yuan in the first three quarters of 2025, representing over a 10% increase from 350.9 billion yuan in the same period last year [1][6][7]. E-commerce Consumption Trends - The four main categories of interest consumption are sports health, entertainment collectibles, creative arts, and lifestyle food, with lifestyle food having the highest share [1][6]. - The sales in the sports health category reached 80.6 billion yuan, showing slight growth, with a notable shift from outdoor to indoor activities [1][9]. - Entertainment collectibles experienced the fastest growth, with sales reaching 51.8 billion yuan, a year-on-year increase of over 25% [1][20]. - Creative arts category sales amounted to 31.4 billion yuan, showing a polarized growth pattern [2][29]. - Lifestyle food sales grew steadily to 221.2 billion yuan, driven by innovations in kitchen appliances and pet products [2][6]. Category Performance Sports Health - Sales in the sports health category reached 80.6 billion yuan, with a year-on-year growth of over 4% [9]. - Indoor sports, particularly yoga, are driving industry growth, while outdoor activities like camping are gaining popularity [10][13]. - The popularity of badminton remains strong, but billiards is emerging as a significant competitor [17][18]. Entertainment Collectibles - The collectibles category saw sales of 51.8 billion yuan, with a remarkable growth rate of over 25% [20]. - The blind box and card game segments are leading the growth, with niche markets like EDC toys also performing well [22][23]. - The anime merchandise segment grew by 43%, indicating strong consumer engagement [1][20]. Creative Arts - The creative arts category recorded sales of 31.4 billion yuan, with significant growth in handmade products like puzzles and beads [2][29]. - Photography products are shifting towards real-time recording devices, while traditional photography equipment is declining [2][29]. Lifestyle Food - The lifestyle food category achieved sales of 221.2 billion yuan, with kitchen appliances like fruit and vegetable disinfectors gaining traction [2][6]. - Pet products continue to be a core driver, alongside innovations in gardening tools [2].

Core Insights - The eighth China International Import Expo (CIIE) has commenced, with Lululemon participating for the second consecutive year, showcasing its commitment to the Chinese market [1][2] - Lululemon's booth features a theme of "Good State Fun Movement," highlighting its star products across six categories: yoga, running, training, tennis, golf, and daily wear [1] - The company has collaborated with Tsinghua University's Positive Psychology Research Center to release the "2025 China Happiness Report," emphasizing the historical and contemporary expressions of happiness [1] Company Focus - Lululemon's CEO, Calvin McDonald, stated that mainland China has become the company's second-largest market globally and a key driver of business growth [2] - The company aims to deepen its presence in China and contribute to the "Healthy China 2030" initiative, indicating a long-term commitment to the market [2]

Group 1: Core Insights - The China International Import Expo (CIIE) showcases innovative products and reflects new consumer trends, serving as a key window to understand the evolving Chinese consumer market [1] - Exhibitors express confidence in the Chinese market due to a transparent and stable policy environment, as well as a fair and inclusive market landscape [1] Group 2: Health and Wellness Consumption - Lululemon highlights the growing health consciousness among Chinese consumers, positioning China as its second-largest global market, driven by an improved business environment and rising consumer confidence [2] - The demand for high-quality, eco-friendly health products is increasing, indicating a higher consumer awareness regarding health products [3] Group 3: Interest-Based Consumption - PEZ candy, known for its collaboration with popular IPs, attracts significant consumer interest at the expo, showcasing the emotional connection consumers have with brands [4] - Pop Mart leverages its popular IPs to create immersive experiences, enhancing consumer engagement and interaction at the event [5] Group 4: Smart Technology Trends - Companies like Samsung are focusing on AI integration in consumer products, enhancing user experience through smart technology [6] - SYR Hansgrohe introduces AI-driven products that adapt to user habits, targeting emerging markets such as the silver economy and pet care [7]

Core Viewpoint - The article emphasizes the importance of health maintenance during the Frost's Descent period, focusing on dietary adjustments, lifestyle changes, and exercise recommendations to prepare for winter [1][2]. Dietary Recommendations - The focus should be on "warming and moisturizing" foods, such as tremella, lily bulbs, honey, and black sesame [1]. - Foods that enhance spleen and stomach function, like yam, pumpkin, glutinous rice, lotus seeds, and coix seeds, are recommended to counteract the cold [1]. - Residents are advised to avoid cold foods like ice drinks, sashimi, and watermelon, which can harm the spleen and stomach, potentially leading to diarrhea and abdominal pain [1]. - Spicy foods, including chili and fried items, should also be avoided as they can exacerbate dryness and lead to symptoms like dry mouth, sore throat, and constipation, especially for those prone to heat [1]. Lifestyle Adjustments - With the increase in cold, it is crucial to maintain warmth to prevent cold-related symptoms such as headaches and colds [1]. - After washing hair, it is important to dry it promptly to avoid sleeping with wet hair, and wearing a knitted hat outdoors is recommended to protect the head from cold [1]. - Foot warmth is emphasized, with advice to avoid exposing ankles and to soak feet in warm water (40-45°C) for about 20 minutes before bed, depending on personal comfort [1]. Exercise Recommendations - During the Frost's Descent period, high-intensity workouts should be avoided; instead, gentle exercises like Baduanjin, Tai Chi, and yoga are suggested [2]. - Proper warm-up before exercising is essential, and individuals should not immediately reduce clothing after workouts to prevent exposure to cold [2].