Private equity heavyweight Boyu Capital acquires up to 45% stake in SKP, signaling a potential digital transformation for one of China’s leading luxury malls amid cooling market conditions.
Share price surge of 450% in a year is a sign of enthusiasm for the toymaker whose market value now exceeds Mattel and Hello Kitty’s parent company.
Despite economic headwinds, Chinese travelers will spend nearly 19% more on mainland trips than last year, with international travel finally set to surpass pre-pandemic levels this year.
Opinion: As tariffs drive domestic prices higher, travel retail is transforming from consumer convenience into strategic necessity for brands seeking margin protection and market share.
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