As of December 31st, 2023, Ferragamo’s net sales for the fiscal year 2023 decreased by 11.1% year-on-year to 1.12 million euros (calculated at a fixed exchange rate: -8.4%).
Sales in the Greater China region declined by 15% on an organic basis. Executives have stated that the slow overall consumer recovery is one of the reasons for the decline in this second-largest market.
In the Greater China region, the Arc’Teryx self-operated retail stores boast a per-square-meter efficiency of over $2,000, which is twice that of North America!
With Anca Marola’s prior experience as the Chief Digital Officer of LVMH Group, she will assist Sephora in strengthening its internal digital community.
Armani Beauty has appointed MUA Hiromi Ueda as the Global Makeup Artistic Director.
As of January 12, 2024, the Moncler brand has opened 54 boutiques in the Chinese Mainland, spanning across 22 cities nationwide.
In the context of a slowdown in demand in the luxury goods industry, this series of personnel changes has taken place. However, as a leader in the luxury goods industry, Chanel is very optimistic about its future performance.
From January 1, 2024, to January 15, 2024, the 【Luxe.CO Biweekly Ranking】recorded 55 brand activities of 37 luxury brands in the Chinese market
In the last fiscal quarter, sales contributed by Chinese consumers (both domestically and overseas) increased by 42% year-over-year.
Rolls-Royce stated that in 2023, the order value and quantity of bespoke commissions reached record levels.
