The two-story flagship store of domestic fashion brand Urban Revivo at MixC in Shenzhen has closed. The brand stated that the closure was due to the expiration of the lease. The store has been in operation since 2017, and consumers have observed that the current UR store at MixC has been replaced by Nike’s construction barriers. According to Bloomberg, citing informed sources, Urban Revivo Fashion is considering a potential Hong Kong IPO and is in discussions with advisors about a stock offering plan to raise at least $100 million. However, the sources also noted that the discussions are still in the early stages.