A branch of Cosmo Lady in China. Photo: SCMP PicturesA branch of Cosmo Lady in China. Photo: SCMP Pictures
A branch of Cosmo Lady in China. Photo: SCMP Pictures

China’s biggest underwear maker Cosmo Lady warns of US$140 million loss as slowing economy hits demand

  • The lingerie giant has been forced to write off between 650 million and 700 million yuan of ‘out-of-date inventory’, it said in a profit warning
  • The closure of a number of loss-making retail stories will also incur costs of 20 million yuan to 30 million yuan, it said
Topic |   Retailing
A branch of Cosmo Lady in China. Photo: SCMP PicturesA branch of Cosmo Lady in China. Photo: SCMP Pictures
A branch of Cosmo Lady in China. Photo: SCMP Pictures
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