From August 1, 2023, to August 15, 2023, the Luxe.CO Biweekly Ranking has featured a total of 36 updates from 25 luxury brands in the Chinese market. These updates comprise 18 marketing developments, 9 store expansion updates, 7 announcements of pop-up stores, and 2 updates related to online expansion.

Luxe.Co Intelligence released a brand new research report! Fragrance and Beauty Brands in High-End Hotels.

Over the past 12 months, the Swiss Franc has appreciated by 7.9% against the US Dollar, and the Swiss Franc to Euro exchange rate is also approaching historic highs. The strength of the Swiss Franc is poised to weaken On’s sales in the United States, Europe, and other regions later this year.

CRISPI achieved wholesale sales of over 28 million yuan in the first half of the year, with a year-on-year increase of over 50%.

China LiLang’s gross margin has increased by 13 percentage points compared to pre-pandemic levels.

Luxeplace.com also set a new historical record in terms of team size for this CIIE, with an 11-member delegation participating in the event.

Nike, adidas, Under Armour, On, ANTA, and Li-Ning, among these six major sports brands, have all been consistently focusing their efforts on top-tier products, particularly in the realm of technologically advanced footwear.

In June 2023, the Luxeplace.com team embarked on a new round of European fashion exploration, passing through countries such as Italy, France, Greece, Germany, Switzerland, and the Czech Republic.

Xi’an Taikoo Li to be Completed in Stages by 2025.

Yatsen BioTech will be held by COSMAX with a 51% stake and Yatsen Global with a 49% stake.