L'Occitane Reports $1 Billion Net Loss
Retailer L'Occitane reported a net loss of 1 billion euros. The company faces competition from Golden Apple, which saw net profits double to nearly 7.5 billion. Analysts attribute L'Occitane's decline to a reliance on luxury brands impacted by sanctions and empty shelves. Golden Apple's growth is linked to omnichannel integration and celebrity collaborations. L'Occitane may need to close underperforming stores in third-tier cities to mitigate losses. Analysts attribute L'Occitane's struggles to sanctions affecting luxury brand availability and a business model lagging behind technological innovators.
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Sources · 7 independent
Kommersant FM
“While L'Occitane's net profit turned into a loss of one billion, Golden Apple's net profit doubled, reaching almost 7.5 billion.”
Kommersant FM
“Причем чистая прибыль Латуаль превратилась в убыток в размере миллиард, чистая прибыль золотого яблока выросла в два раза, почти до 7,5 миллиардов.”
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