For Ten Months, It Expanded To HK $195 Million.

In May 28th, burshilong, the Hong Kong clothing group, issued the latest profit warning. As of the ten months ended April 30, 2020, the loss of the owners of the burshlong group increased from HK $94 million at the end of 2019 to 195 million.

This is because the operation of the burshilon brand deteriorated further with the outbreak of coronavirus. Hongkong and other core markets were in a semi urban state during that period, and retail activities almost stopped.

It is understood that burshilong began to suffer losses in 2014, and profits declined year by year. In 2018, the annual performance turned from profit to loss, and the loss in 2019 amounted to HK $139 million. Today, burshlung has been bought by Lining and will become an indirect, non wholly owned Affiliated Companies in China.