The recovery of consumption to support China’s economic rebound is of utmost importance.
The Asia-Pacific region saw a 1.7% YoY decline due to COVID-19 control measures in China, but rebounded with growth in the second half of the year.
The premium brands includes the Audi premium brand group (Audi, Lamborghini, Bentley, Ducati) and Porsche (IPO in September 2022).
According to Bloomberg Billionaires Index, Ito was the largest shareholder of Seven & i Holdings, with a net worth of $5 billion.
After the completion of the transaction, China Tourism Group Duty-Free Corporation Limited will hold a 49% stake in CNSC.
Get ready to witness the fashion extravaganza as the opening ceremony of China International Fashion Week kicks off on March 24th. From March 25th, 51 prominent brands will showcase their latest collections with 52 stunning runway shows.
Three temporary factories will be located in Fribourg, Romont, and the Vivier SA industrial park in Villaz-Saint-Pierre, Switzerland.
“To truly achieve global decarbonization in our operations, we need to shift from reducing carbon intensity to absolute carbon reduction,” says Kering.
For the first time since 2017, footwear has outstripped apparel as the biggest contributor to Li-Ning’s revenue.
The participants in the new incubation project include 12 brands such as Topicals, Eadem, and Hyper Skin from Sephora’s 2021 Accelerate program.
Customers can now simply scan a QR code to authenticate the product and trace its unique journey from the source of its fibers to the store, uncovering the fascinating story behind it.
Morris Goldfarb said, “Donna Karan and Nautica are two of the most recognized American lifestyle brands with significant opportunity in the women’s space.”
Founded in August 2020 by two female entrepreneurs from Ukraine, Daria Shapovalova and Natalia Modenova, DressX collaborates with various designers and brands to create and trade a variety of virtual fashion products on its platform.
With a current market share of around 12% in China, Brunello Cucinelli aims to further expand this figure in the next five-year plan.
