Burberry Annual Revenue And Profits Are Flat With Expectations. Taobao Added More Than 100 Million Users Last Year.

Fashion and art

1. the French government will prevent brands from destroying unsalable goods.

Recently, the French Vice Minister of ecology Brune Poirson at the Copenhagen fashion and sustainable development conference said that in order to prevent the fashion industry from polluting the ecological environment, the French government plans to prevent brands from destroying unsalable goods.

In 2017, the British luxury brand Burberry destroyed the unsold goods valued at about 29 million pounds (US $37 million).

After the announcement, Burberry said it would stop this practice.

Although many popular clothing brands usually cut prices for unsalable products, luxury brands are more likely to burn or bury unsold products in order to avoid damaging the brand image.

Business and economy

2. Alibaba revenue in 2019 fiscal year amounted to 376 billion 844 million yuan, Taobao's new subscribers exceeded 100 million

Alibaba fourth quarter revenue 93 billion 498 million yuan

Recently, China technology giant Alibaba group released its 2019 Quarter Fiscal Year fourth quarter earnings and fiscal year 2019 results. Alibaba's fourth quarter revenue was 93 billion 498 million yuan, an increase of 51% over the previous year, exceeding the market expectation of 91 billion 743 million yuan. Net profit of 20 billion 56 million yuan, up 42% over the previous year under the general accounting standards of the United States, was expected to be 16 billion 199 million yuan.

Alibaba earned 376 billion 844 million yuan in fiscal year 2019, and the total GMV in China's retail market was 572 million 700 thousand yuan, an increase of 19% over the same period last year, mainly due to the increase in the number of active consumers in the year.

The Alibaba's total GMV target in 2020 was US $1 trillion.

About $1 billion 570 million has been repurchased ADS

Taobao Tmall has over 100 million users in the past fiscal year, 77% from the sinking market, and 721 million mobile monthly active users, up 104 million over the same period last year.

Annual active consumers reached 654 million, up 102 million over the same period last year.

Tmall's physical commodity trading volume increased by 31% in the 2019 fiscal year, up 33% in the fourth quarter.

In September 2018, Alibaba announced the ADS buy back plan to implement the previously announced $6 billion share buyback plan.

By the end of March 2019, about 10 million 900 thousand shares of ADS had been repurchased, amounting to about 1 billion 570 million US dollars.

3.L Catterton intends to sell R.M.Williams

Recently, L Catterton Asia, the private-equity fund of LVMH, hired Goldman Sachs to buy buyers of the Australian clothing brand R.M.Williams, which is priced between 400 million Australian dollars and 500 million Australian dollars (247 million euros to 309 million euros).

In 2013, L Catterton Asia acquired R.M.Williams 49% shares and became the largest shareholder of the brand.

At present, R.M.Williams has more than 500 retail outlets worldwide.

4.Burberry annual revenue and profits are flat with expectations.

In May 16th, the British luxury brand Burberry released its 2019 fiscal year report, showing that revenue and profits last year were roughly the same as expected.

In the fiscal year ended March 30th, the brand realized revenue of 2 billion 720 million pounds (US $3 billion 490 million), down 1% compared to the fixed exchange rate, and adjusted operating profit of 438 million pounds (US $562 million), unchanged from the same period last year.

Since the design product of the brand new creative director Riccardo Tisci has been on the shelves since February of this year, the Group CEO Marco Gobbetti has expressed high expectations for the 2020 financial year results.

(source: BoF Fashion Business Review)

5.Farfetch net loss expanded to $100 million in the first quarter.

Recently, the luxury e-business platform Farfetch released its first quarter earnings in 2019. During the period, the platform achieved sales of $174 million, up 38.5%, and service revenue increased by 43%; GMV reached 419 million dollars, up 43.2% over the same period last year; excluding the impact of foreign exchange rate changes, platform GMV will increase by about 50%.

The number of active users increased by 64% to 1 million 700 thousand, and the net loss expanded to $109 million 200 thousand, compared with $50 million 700 thousand in the same period last year.

(source: BoF Fashion Business Review)

6. Tencent's net profit reached 27 billion 210 million yuan in the first quarter, up 17% over the same period last year.

In May 16th, China Science and technology group Tencent released the first quarter results in 2019, showing that Tencent's revenue reached 85 billion 465 million yuan in the first quarter of 2019, an increase of 16% over the previous year, an increase of 1% over the same period, a net profit of 27 billion 210 million yuan, an increase of 17% over the previous year, an increase of 91% over the previous month, and a net profit of 20 billion 930 million yuan, an increase of 14% over the previous year and a 6% increase over the previous year.

Among them, the income of smart phone games fell 2% to 21 billion 200 million yuan, and online advertising revenue increased 25% to 13 billion 400 million yuan, and the income of financial technology and enterprise services increased 44% to 21 billion 800 million yuan.

7. Nestle sells skin health business to European private giants

Recently, Nestl said it had sold its skin health business to a consortium headed by European private giant EQT Partners and Abu Dhabi Investment Bureau, and has entered exclusive negotiations, which is worth 10 billion 200 million Rui Lang (about 10 billion 120 million US dollars).

After obtaining regulatory approval, the paction is expected to be completed in the second half of this year.

8. NetEase revenue in the first quarter of 18 billion 300 million yuan business growth slowed business year on year

In May 16th, NetEase released its first quarter results in 2019, showing that NetEase's net income during the period was 18 billion 356 million yuan, an increase of 29.5% over the same period last year. Its net profit attributable to NetEase shareholders was 2 billion 382 million yuan, an increase of about 217% over the same period last year.

Based on non US GAAP, net profit attributable to NetEase shareholders was 3 billion 17 million yuan, an increase of about 126% over the same period last year.

The net income of NetEase's second major business providers is 4 billion 789 million yuan (US $714 million), an increase of 28.3% over the same period last year, a year-on-year slowdown. The growth rate of e-commerce business has further slowed down, with the peak growth rate reaching 167% in the past.

9. benefit from cooperation with Tmall AVON China's market revenue rose 20%

Recently, the US cosmetics direct selling brand AVON (Avon) released its first quarter results in 2019, showing that AVON realized $1 billion 186 million 900 thousand in revenue, down 14.8% from a year ago, and a net loss of $32 million 700 thousand, an increase of 50% over the same period last year.

Income in Europe, the Middle East and Africa fell by 19% compared to the same period last year.

Asia Pacific market revenue grew 3% to $115 million, and average orders grew by 19%.

AVON pointed out in the earnings report that China's market revenue increased by 20%, thanks to the expansion of online channels, especially with Tmall.