Men's wear leader's performance stagnates, HLA GROUP seeks breakthroughs overseas
HLA GROUP's performance has slowed down, and it plans to seek breakthroughs through overseas expansion. The company's profit fell by 25% last year, and while revenue slightly increased in the first half of this year, profits continued to decline. HLA GROUP has submitted a listing application to the Hong Kong Stock Exchange, with revenue exceeding 20.1 billion yuan and profits nearing 2.2 billion yuan last year. The company's business includes self-owned brand operations, international brand licensing, and agency services. Founder Zhou Jianping, with his market insight and marketing capabilities, once led the company to a market value exceeding 100 billion yuan. Due to the impact of online shopping, HLA GROUP faces challenges and needs to adapt to the market demands of Generation Z
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