In terms of average spending, Chinese tourists had the highest expenditure at 1541 euros (+14%).

In the Asia-Pacific market, revenue saw a remarkable 13% year-on-year growth, outperforming all other markets.

For the recently reopened Sephora flagship store in Paris, the CEO of Sephora anticipates that during the Olympic Games, the foot traffic is expected to reach 15,000 people.

GIC’s ownership stake in Li-Ning has increased from 4.81% to 5.11%.

From October 16, 2023, to October 31, 2023, the Luxe.CO Biweekly Ranking has compiled a total of 40 updates on 30 luxury brands in the Chinese market.

Thanks to double-digit sales growth in Southeast Asia & the Pacific region and the Chinese market, the Asia-Pacific market saw a 21% increase in third-quarter sales at constant exchange rates.

From pandas, bamboo, and old houses to the Sanxingdui site, luxury brands like Hermès, Louis Vuitton, Loewe, and Arc’teryx are embracing creativity in Chengdu.

In the Chinese market, deliveries for the first nine months increased by 1.7% year-on-year, reaching 603,900 units.

The expected completion date for Xi’an Taikoo Li has been adjusted from late 2025 to 2026.

The overall growth of the high-end beauty business in mainland China has slowed down, as evidenced by the current pre-sale stage data for the Double Eleven shopping festival.