Les Enphants suffers losses; China market hurts

Shares of Les Enphants, a well-known children's products brand, are trading below $6 after reporting a significant loss of $567 million, raising concerns about its future. The company's first-quarter financial report revealed "significant uncertainty" in its ability to continue operations, primarily due to losses in the Chinese market and a decline in net worth below $5 per share. The stock is now subject to full cash settlement. Les Enphants, founded in 1971, is implementing restructuring measures, including closing underperforming stores in China and expanding into new markets, hoping to overcome challenges from declining birth rates and e-commerce competition.