Capital, Earnings & M&A
Luzhou Laojiao Cannot Break Through the Three Walls It Built
The baijiu industry is polarizing, with overall revenue and profit growth slowing for listed companies in the first half of the year, while top players like Luzhou Laojiao face challenges in both high-end and low-end markets. Despite efforts to return to the top three, Luzhou Laojiao's market position has slipped to fifth, hindered by brand aging and strategic missteps.
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