Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why
Inside Retail
JUNE 7, 2023
Eighteen months on, the excitement around the merger is beginning to dissipate, as Lotus’s toils in a fiercely competitive market with a cash-strapped core customer. Net profit was up by 8.9 Retail’s weak revenue growth showed up on the bottom line, with net profit from retail stores falling 12.8
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