{"id":213343,"date":"2026-09-18T21:28:12","date_gmt":"2026-09-18T13:28:12","guid":{"rendered":"http:\/\/www.htt.hk\/?p=213343"},"modified":"2026-09-18T21:28:12","modified_gmt":"2026-09-18T13:28:12","slug":"%e5%be%b7%e5%8b%a4%e6%9c%80%e6%96%b0%e8%b0%83%e7%a0%94%e7%a7%b0%ef%bc%9a75%e7%9a%84%e7%a7%81%e5%8b%9f%e5%9f%ba%e9%87%91%e8%a1%a8%e7%a4%ba%e4%bb%8a%e5%b9%b4%e6%84%bf%e6%84%8f%e5%b8%83%e5%b1%80%e6%97%b6","status":"publish","type":"post","link":"http:\/\/www.htt.hk\/?p=213343","title":{"rendered":"\u5fb7\u52e4\u6700\u65b0\u8c03\u7814\u79f0\uff1a75%\u7684\u79c1\u52df\u57fa\u91d1\u8868\u793a\u4eca\u5e74\u613f\u610f\u5e03\u5c40\u65f6\u5c1a\u548c\u5962\u4f88\u54c1\u884c\u4e1a"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u56fd\u9645\u54a8\u8be2\u516c\u53f8<strong>\u5fb7\u52e4\uff08Deloitte\uff09<\/strong>\u5c06\u4e8e9\u670821\u65e5\u53d1\u5e03<strong>\u300a2026\u65f6\u5c1a\u4e0e\u5962\u4f88\u54c1\u79c1\u52df\u80a1\u6743\u548c\u6295\u8d44\u8005\u8c03\u67e5\u300b<\/strong>\uff08<em>Fashion &amp; Luxury Private Equity and Investors Survey 2026\uff09<\/em>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u62a5\u544a\u8c03\u67e5\u4e86\u5168\u7403\u7ea650\u5bb6\u79c1\u52df\u80a1\u6743\u6295\u8d44\u673a\u6784\u548c119\u5bb6\u5962\u4f88\u54c1\u4f01\u4e1a\uff0c\u53d7\u8bbf\u4f01\u4e1a2025\u5e74\u603b\u8425\u6536\u89c4\u6a21\u7ea6<strong>9410\u4ebf\u7f8e\u5143\uff0c<\/strong>\u6d89\u53ca\u670d\u88c5\u914d\u9970\u3001\u73e0\u5b9d\u8155\u8868\u3001\u5316\u5986\u54c1\u548c\u9999\u6c34\u3001\u8c6a\u534e\u6c7d\u8f66\u3001\u8c6a\u534e\u9152\u5e97\u3001\u79c1\u4eba\u98de\u673a\u3001\u90ae\u8f6e\u3001\u5bb6\u5177\u3001\u6e38\u8247\u548c\u8c6a\u534e\u9910\u5385\u7b49\u9886\u57df\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u62a5\u544a\u6b63\u5f0f\u53d1\u5e03\u524d\uff0c\u5fb7\u52e4\u900f\u9732\u4e86\u8c03\u67e5\u663e\u793a\u7684\u4e3b\u8981\u8d8b\u52bf\u548c\u5173\u952e\u6570\u636e\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2026\u5e74\u4e0a\u534a\u5e74\u662f\u5962\u4f88\u54c1\u884c\u4e1a\u7684\u62d0\u70b9\uff0c\u5168\u7403\u5962\u4f88\u54c1\u884c\u4e1a\u7684\u6574\u4f53\u8425\u6536\u518d\u5ea6\u56de\u5347\uff0c\u540c\u6bd4\u589e\u957f0.6%<\/strong>\uff08\u53bb\u5e74\u540c\u671f\u4e3a\u4e0b\u6ed112.4%\uff09\u3002\u5176\u4e2d\uff0c<strong>\u4e2a\u4eba\u5962\u4f88\u54c1\u677f\u5757\u8425\u6536\u589e\u957f0.9%<\/strong>\uff0c\u5305\u542b\u5bb6\u5177\u5bb6\u5c45\u7528\u54c1\u3001\u8c6a\u534e\u9152\u5e97\u3001\u79c1\u4eba\u98de\u673a\u3001\u9ad8\u7aef\u9910\u996e\u3001\u8c6a\u534e\u6c7d\u8f66\u53ca\u6e38\u8247\u5728\u5185\u7684\u5176\u4f59\u5168\u90e8\u677f\u5757\u5408\u8ba1\u589e\u957f0.4%\u3002\u62a5\u544a\u8ba4\u4e3a\uff0c<strong>\u8be5\u6570\u636e\u9884\u793a\u7740\u884c\u4e1a\u4e0b\u884c\u5468\u671f\u7ed3\u675f\uff0c\u8fdb\u5165\u4f01\u7a33\u9636\u6bb5<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u56de\u987e2025\u5e74\u5168\u5e74\u7684\u6570\u636e\uff0c\u5168\u7403\u5962\u4f88\u54c1\u884c\u4e1a\u8425\u6536\u4e0b\u6ed12.4%\uff0c\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u8dcc\u5e45\u9ad8\u8fbe9.5%\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/image.luxe.co\/wp-content\/uploads\/2026\/09\/ScreenShot_2026-09-18_141348_195.png?x-oss-process=image\/resize,m_fill,w_1700,h_930\" alt=\"\" class=\"wp-image-482565\" style=\"aspect-ratio:1.8279569892473118;width:850px;height:auto\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">\u4ece\u4f01\u4e1a\u5e76\u8d2d\u89d2\u5ea6\u770b\uff0c<strong>2026\u5e74\u4e0a\u534a\u5e74\uff0c\u65f6\u5c1a\u548c\u5962\u4f88\u54c1\u9886\u57df\u5171\u5b8c\u6210152\u7b14\u5e76\u8d2d\uff0c\u8f832025\u5e74\u540c\u671f\u4e0b\u964d6.2%<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5fb7\u52e4\u7c73\u5170\u529e\u516c\u5ba4\u9ad8\u7ea7\u5e76\u8d2d\u5408\u4f19\u4eba&nbsp;<strong>Elio Milantoni<\/strong>&nbsp;\u8868\u793a\uff1a\u201c<strong>75%\u7684\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u8868\u793a2026\u5e74\u613f\u610f\u5e03\u5c40\u65f6\u5c1a\u548c\u5962\u4f88\u54c1\u884c\u4e1a<\/strong>\uff0c\u4f53\u73b0\u6295\u8d44\u8005\u91cd\u62fe\u5174\u8da3\u4e0e\u4fe1\u5fc3\u3002<strong>\u7f8e\u5986\u9999\u6c1b\u8d5b\u9053<\/strong>\u5bf9\u6295\u8d44\u8005\u5341\u5206\u5177\u6709\u5438\u5f15\u529b\uff0c<strong>\u9ad8\u7aef\u9910\u996e<\/strong>\u4e5f\u83b7\u5f97\u8d8a\u6765\u8d8a\u591a\u7684\u5173\u6ce8\u3002\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Elio Milantoni \u900f\u9732\uff0c<strong>\u5c3d\u7ba1\u6536\u8d2d\u5c11\u6570\u80a1\u6743\u7684\u610f\u613f\u6709\u6240\u4e0a\u5347<\/strong>\uff0c\u4f46<strong>73%\u7684\u53d7\u8bbf\u673a\u6784\u4f9d\u65e7\u4f18\u5148\u9009\u62e9\u6536\u8d2d\u591a\u6570\u80a1\u6743<\/strong>\u3002\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u4ef7\u503c\u521b\u9020\u5c06\u4e3b\u8981\u4f9d\u9760\u8425\u6536\u589e\u957f\u3001\u5e76\u8d2d\u6574\u5408\u4ee5\u53ca\u6d77\u5916\u5e02\u573a\u6269\u5f20\uff0c\u8fd9\u4e5f\u5370\u8bc1<strong>\u6295\u8d44\u7b56\u7565\u6108\u53d1\u4ee5\u589e\u957f\u4e3a\u5bfc\u5411<\/strong>\uff0c\u8feb\u5207\u9700\u8981\u6316\u6398\u8d44\u4ea7\u7684\u6218\u7565\u6f5c\u529b\u3002\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2025\u5e74\u5168\u5e74\uff0c\u65f6\u5c1a\u548c\u5962\u4f88\u54c1\u9886\u57df\u7684\u5e76\u8d2d\u5171345\u8d77\uff0c\u8f832024\u5e74\u7684333\u8d77\u589e\u957f3.6%\u3002\u4e14\u5e76\u8d2d\u6807\u7684<strong>\u5411\u4e2d\u578b\u4f01\u4e1a\u96c6\u4e2d<\/strong>\uff0c<strong>\u76ee\u6807\u4f01\u4e1a\u8425\u6536\u533a\u95f45000\u4e07\u81f32.5\u4ebf\u7f8e\u5143<\/strong>\uff0c\u8fd9\u7c7b\u6807\u7684\u5360\u5168\u90e8\u4ea4\u6613\u768442%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5176\u4e2d\uff0c2025\u5168\u5e74\u4e2a\u4eba\u5962\u4f88\u54c1\u677f\u5757\u5b8c\u6210145\u7b14\u4ea4\u6613\uff0c\u540c\u6bd4\u4e0a\u6da88.2%\uff0c\u5360\u4ea4\u6613\u603b\u91cf\u768442%\u3002\u884c\u4e1a\u4ea4\u6613\u5e73\u5747\u89c4\u6a21\u4e3a2.97\u4ebf\u7f8e\u5143\uff0c\u4e2a\u4eba\u5962\u4f88\u54c1\u677f\u5757\u5e73\u5747\u4ea4\u6613\u89c4\u6a21\u964d\u81f33.39\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d16.5%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5fb7\u52e4\u7c73\u5170\u529e\u516c\u5ba4\u5408\u4f19\u4eba&nbsp;<strong>Federico Bazzani<\/strong>&nbsp;\u6307\u51fa\uff1a\u201c<strong>\u5e02\u573a\u4e24\u6781\u5206\u5316\u52a0\u5267<\/strong>\uff0c\u6b63\u5bf9\u5962\u4f88\u54c1\u884c\u4e1a\u7684\u5e76\u8d2d\u7b56\u7565\u4ea7\u751f\u91cd\u5927\u5f71\u54cd\u3002\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ed6\u63d0\u51fa\u4e86\u56db\u4e2a\u8d8b\u52bf\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1\u3001<strong>\u5e02\u573a\u9700\u6c42\u6b63\u9010\u6b65\u4ece\u5b9e\u7269\u4ea7\u54c1\u8f6c\u5411\u4f53\u9a8c\u6d88\u8d39\u3002<\/strong>\u4e2a\u4eba\u5962\u4f88\u54c1\u677f\u5757\u4e2d\uff0c\u4ec5\u670949%\u7684\u4f01\u4e1a\u5b9e\u73b0\u589e\u957f\uff0c\u800c\u4f53\u9a8c\u7c7b\u8d5b\u9053\u8fd9\u4e00\u6bd4\u4f8b\u8fbe\u523071%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2\u3001<strong>\u5730\u57df\u5e03\u5c40<\/strong>\u6210\u4e3a\u4e00\u9879\u6218\u7565\u8981\u70b9\u3002\u6b27\u6d32\u548c\u5317\u7f8e\u4ecd\u662f\u9996\u9009\u6295\u8d44\u76ee\u7684\u5730\uff0c\u5360\u6bd4\u5206\u522b\u4e3a59%\u548c21%\uff0c\u4f46\u6295\u8d44\u8005\u6b63\u5411\u672c\u571f\u589e\u957f\u6f5c\u529b\u66f4\u9ad8\u7684\u5e02\u573a\u8fdb\u884c\u591a\u5143\u5316\u5e03\u5c40\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3\u3001<strong>\u4e8c\u624b\u5e02\u573a\u6210\u4e3a\u6218\u7565\u589e\u957f\u5f15\u64ce\uff0c<\/strong>\u4e0d\u518d\u53ea\u662f\u5c0f\u4f17\u9886\u57df\u300250%\u7684\u6d88\u8d39\u8005\u5728\u8d2d\u4e70\u65b0\u54c1\u524d\u4f1a\u5148\u67e5\u770b\u4e8c\u624b\u5e02\u573a\uff0c\u8be5\u5e02\u573a\u7684\u589e\u901f\u9884\u8ba1\u5c06\u662f\u4e00\u624b\u5e02\u573a\u76842\u81f33\u500d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4\u300152%\u7684\u6295\u8d44\u8005\u503e\u5411\u4e8e<strong>\u5747\u8861\u5e03\u5c40\u7eaf\u5962\u4f88\u54c1\u724c\u4e0e\u4e92\u8865\u8d5b\u9053<\/strong>\u3002\u56e0\u4e3a\u4ed6\u4eec\u610f\u8bc6\u5230\u672a\u6765\u4ef7\u503c\u7684\u6838\u5fc3\uff0c<strong>\u662f\u6253\u9020\u4e00\u4f53\u5316\u751f\u6001\u4f53\u7cfb\u7684\u80fd\u529b\uff0c\u800c\u975e\u5355\u7eaf\u552e\u5356\u4ea7\u54c1<\/strong>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u56fd\u9645\u54a8\u8be2\u516c\u53f8\u5fb7\u52e4\uff08Deloitte\uff09\u5c06\u4e8e9\u670821\u65e5\u53d1\u5e03\u300a2026\u65f6\u5c1a\u4e0e\u5962\u4f88\u54c1\u79c1\u52df\u80a1\u6743\u548c\u6295\u8d44\u8005\u8c03\u67e5\u300b\uff08Fashi [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":213344,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-213343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-qyzx"],"_links":{"self":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/213343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213343"}],"version-history":[{"count":1,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/213343\/revisions"}],"predecessor-version":[{"id":213345,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/213343\/revisions\/213345"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/media\/213344"}],"wp:attachment":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213343"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}