The Chinese women's clothing brand La Xiabeel, who was all the rage, has been formally applied for bankruptcy and liquidation because he could not settle its debt.
According to the news published by the "Shanghai Bankruptcy Court" public account on Tuesday (June 20), Xinjiang Laxibell Clothing Co., Ltd. (Rathamberg) was not allowed to pay off the debt, and it was obviously lacking off.Without the application of the creditors, the Shanghai Third Intermediate People's Court ruled that the Rhaxibell's bankruptcy was accepted, and the Shanghai Jindu Law Firm Shanghai Branch of the Beijing Golden Du Law Firm served as the manager (manager).
As of now, the manager has reviewed and confirmed that the amount of debt is more than 343.15 million yuan (RMB, about S $ 64.44 million), involving 133 creditors.
The company's official website shows that La Xiabeel was founded in 1998. It is a multi -brand and omni -channel operation group that is positioned in the mass consumer market.Lambeel was listed on the Hong Kong Stock Exchange in 2014 and listed on the Shanghai Stock Exchange three years later. It is the first clothing company in China to listed in Hong Kong and Shanghai at the same time.
After the listing, La Xiabeel began to expand rapidly. At the most brilliant time, nearly 10,000 direct -operated stores in China were once known as "the fastest development of women in China" and "Chinese women's clothing first.One stock.
Tianfeng Securities' 2017 research report shows that La Xiabeel's market share ranks third in China, accounting for 5%. Because the top two ranking are international brands, La XiabeelRanked first among domestic clothing brands.
Since 2016, Latharbeel has not increased its income. Coupled with the impact of e -commerce, the reduction of offline passenger flow, the direct business model has become a heavy burden on the company.
According to the Southern Weekend reported in 2021, La Xiabeel has increased the number of storefronts through 9,000 in three years since 2014. It took another three and a half years to close the store's 9021.
La Xiabeel issued an announcement in April last year, saying that the company's A -share shares have entered a period of delisting.
After the news of La Xiabeel's bankruptcy and liquidation, many netizens booed, saying "La Xiabeel is the entire youth's wardrobe!", And some netizens said, "The design is becoming more and more earthy, the style is old -fashioned, the style is old -fashioned, the style is old -fashioned, and the style is old -fashioned., Quality ", bankruptcy is not surprising.
