Taking advantage of the momentum of Charlotte Thompson's new brand, Riley Group issued an official statement.
A subsidiary of Riley Group is about to be established, and several key projects, including the brand launched by Charlotte, will all be transferred to the subsidiary.
This announcement has caused quite a stir in the industry.
Riley Group already holds a pivotal position in the fashion world, and now, with the momentum of the new products, opening a subsidiary is indeed a significant impact for some companies.
For outsiders, the news of Riley Group's subsidiary establishment came unexpectedly.
Immediately, there were reports from insiders of Riley Group claiming that the subsidiary had long been in preparation, and that this time, Charlotte's brand seemed to be a trial.
"Does the enormous success of the new product launch mean that the subsidiary can soon go public and operate?"
