Cosmo Lady Archives - Inside Retail Asia
Chinese fashion label Cosmo Lady’s CEO Zheng Yaonan has resigned, but he will stay on as chairman.
Chinese lingerie retailer Cosmo Lady has reported strong growth in both its own stores, and its franchise network, largely driven by store renovations.
Cosmo Lady has formed a joint venture with Shanghai Kappa to develop and sell intimate apparel in China.
In a challenging market, Cosmo Lady had a 6 per cent dip in first-half revenue to about RMB2.07 billion.
Weaker sales last year saw revenue and gross profit drop for Cosmo Lady China Holdings.
Bra wars saw intimate women’s apparel group Cosmo Lady achieve just 0.2 per cent first-half revenue growth.
Intimate apparel retailer Cosmo Lady (China) Holdings is expecting a drop in net profit of about 35 to 40 per cent.
Hong Kong-listed lingerie brand Cosmo Lady says it will venture into overseas markets to seek global business partners.