Tag: Regina

Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Group”) (Stock code: 2199) today announced a partnership agreement with Victoria’s Secret & Co. (“Victoria’s Secret”) (NYSE: VSCO) related to the latter’s existing company-owned business in China. Regina Miracle and Victoria’s Secret have formed a joint venture (“JV”) to operate all Victoria’s Secret stores and the related online business in the People’s Republic of China (“PRC”). Under the terms of the agreement, Regina Miracle will own 49% of the equity interest in the JV with a consideration of US$45 million in cash while Victoria’s Secret will own the remaining 51% interest. ... Read more

Regina Miracle International (Holdings) Limited (“Regina Miracle” or the “Company”, together with its subsidiaries, collectively the “Group”) (HKEX: 2199), a leading global intimate wear company boasting an Innovative Design Manufacturer (“IDM”) business model, has announced its unaudited interim results for the six months ended 30 September 2021 (the “Period”). During the Period, the Group’s revenue reached historical high at approximately HK$4.1 billion amid the Pandemic, representing a year-on-year increase of 62.1%. Gross profit grew by 101.3% to approximately HK$980.6 million, with gross profit margin up by 4.7 percentage points to 24.0%. Despite the write-off of fixed assets made for further ... Read more