“After my recent trip to Greater China, I am optimistic about China’s reopening as we are witnessing a rebound in our business and the industry at large.”

The growth, in fact, was driven by the retail channel and the Tod’s brand, which recorded excellent results in all product categories.

Burberry said its near and medium-term targets “remain unchanged as we continue to target high-single digit revenue growth with operating leverage ensuring good margin progression.”

In the third quarter, sales in mainland China declined 24 percent from a year earlier.

In the 2nd issue of 2023, Luxe.CO China Investment Weekly covered 4 domestic investment and financing news from January 7, 2023, to January 20, 2023.

P&G said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.

This performance reflects the ongoing successful execution of the Company’s “CLAIM 5” strategy, which drove robust consumer demand for BOSS and HUGO also throughout the fourth quarter.

Currently, Shein is negotiating this round of financing, which will greatly reduce the market value of this Chinese fast fashion group to US$64 billion, a drop of more than one-third from its peak.

“The Playboy China joint venture continues PLBY’s evolution from a traditional licensing model to a selectively owned and operated business model to maximize the value of the Playboy brand across our businesses.”

As of the close of January 17, LVMH’s stock price increased by 5.9% from the previous trading day to 797.4 euros.