Importantly, wholesale excluding third-party production has grown 21% year-over-year, giving us a stronger base to build on that in the second half. | The 21% wholesale growth indicates a need for B2B

ir_statement / Aug 26, 2026 / receipt, needs a key

Our priority is to continue executing the reset and the transformation agenda. This includes the ongoing optimization of our retail footprint and also further improvements in how we operate across the

company_statement / Aug 26, 2026 / receipt, needs a key

Most notably, the e-commerce business of Zenzhong grew 31% in its reporting currency, supported by more effective digital acquisition, improved marketing ROI, and also growth in the new customer base.

company_statement / Aug 26, 2026 / receipt, needs a key

Since the first half of 2023, we have continued to reduce brand level G&A by approximately 30% at the Lan Wang, 50% at the Wolfer, and 45% at the Sergi Rossi, and 43% at the St. John. These reductions

company_statement / Aug 26, 2026 / receipt, needs a key

Wolfer will build on this more stable platform by strengthening wholesale, expanding e-commerce and the marketplace initiatives and also continue to improve productivity and the customer engagement. |

company_statement / Aug 26, 2026 / receipt, needs a key