After The Appointment Of Chief Strategy Officer, City Beauty Changed Chief Technology Officer Of The Group.

In August 6th, city beauty (China) Holdings Limited (hereinafter referred to as "urban beauty", code: 02298.HK) announced that Tang Teng was appointed chief technology officer of urban beauty in August 1, 2018. The term of service is three years.

Tang Qianteng is an expert in R & D and commodity planning.

Previously, it was the biggest fit in Japan.

Wacoal retailer has been working as a Wacoal research and development department for more than 42 years.

During his work from 1976 to 2018, he obtained eighty patents and applied them to several main products. He also won many Japanese patent awards and excellent design awards.

Tang Shi Teng graduated from Industrial University in private in Kyoto, Japan in 1976.

It is reported that Tang Shi Teng is mainly responsible for technical research, development and innovation, so as to enhance the existing technology, improve the function and quality of existing products, and research and develop new products and new raw materials.

City beauty said in the announcement that the Board believed that Tang Teng was close fitting.

The professional knowledge and experience can greatly enhance the research and development capabilities and product quality of the group, and help the group in China.

Development.

In fact, it was less than a month after the last appointment of the chief strategy officer.

In July 16th, city beauty (China) Holdings Limited (hereinafter referred to as "urban beauty") announced that Sharen Jester Turney has been appointed as the group's chief strategy officer (CSO) and has been effective since July 1, 2018.

According to the announcement, Turney's main responsibilities are to give advice on strategic planning and implementation, brand image enhancement, product planning and introduction of designers, overseas acquisitions and retail operations.

Statistics show that Sharen Jester Turney was the chief executive officer of Victoria 's Secret Direct from 2000 to 2006 before joining the urban beauty. She served as the president and chief executive officer of Victoria s Secret between 2006 and 2016, and helped the income of Victoria' s' to grow from US $4 billion 500 million to US $7 billion.

The Victoria 's Secret brand includes Victoria' s Secret Stores, Victoria 's Secret Direct, s' and' s'.

City beauty said in the announcement that Sharen Jester Turney is close fitting.

The professional knowledge and experience can greatly enhance the brand operation ability of the group and help the group in China and overseas.

Development.

The city beauty was founded in 1998. It was influenced by the successful mode of the United States in the United States. It was positioned as "the first fast fashion underwear brand in China". Its products are mainly targeted at young women.

In 2012, Lin Chiling became famous as a spokesperson for the city beauty.

In June 26, 2014, the city beauty (China) Holdings Limited was listed on the main board of Hongkong, and was called "the first Chinese underwear".

In the fiscal year ending December 2017,

Revenue rose 0.7% to 4 billion 542 million yuan, operating profit rose 37.4% to 420 million yuan over the same period, net profit rose 31% to 317 million yuan, gross profit margin was affected by the purchase price of raw materials and the promotion of unmarketable inventory and other measures and slightly dropped to 43.2%.

As of December 31, 2017, there were 7181 stores in urban beauty, of which 1290 were direct stores, 5891 were franchised stores, and 7250 were employees.