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.

Lorenzo Bertelli, the Head of Corporate Social Responsibility at Prada Group, is one of the driving forces behind the SEA BEYOND project. He stated, “Through SEA BEYOND, we continue to advance our educational objectives, which is the only way forward. The cost of prevention is always lower than the cost of solving problems.”

“We are committed to blending watchmaking craftsmanship with the materials we excel in, in a more instinctive, contemporary, and creative way. We are not bound by the past; our tradition is innovation.”

Since the pandemic restrictions were lifted in Greater China last year, development activities have steadily improved, and this quarter has witnessed the highest number of newly signed projects since 2021.

The increase in Proya’s average selling price has driven the gross profit margin to achieve a historic high.

Hermès is often regarded as a “luxury trendsetter,” and the information shared by its executives holds significant reference value for understanding the ever-evolving luxury industry.

The strong growth of 28.0% in the Chinese market is driving overall growth in the Asia-Pacific region, which has seen a 9.2% increase.

These three companies were co-founded by Salvatore Ferragamo and Chinese-Hong Kong entrepreneur Peter K.C. Woo.

Duplaix also acknowledged that the performance of the Chinese market has not actually reached the levels predicted earlier this year.