During the reporting period, Capri Holdings’ total sales revenue was $1.08 billion, reflecting a 16.4% decline compared to the previous year at both reported and constant currency rates.
The Chinese market is the company’s most significantly declining market.
LVMH Group CFO Jean-Jacques Guiony Appointed President and CEO of the Wines & Spirits Division.
Analysts stated that the revised outlook still appears conservative, expressing optimism about future growth opportunities.
In the first nine months, the company’s gross profit margin reached 55.4%, and its operating profit margin was 17.4%, both setting record highs for the second consecutive year.
On November 8, 2024, the Luxe.CO Sports and Outdoor Investment Salon was successfully held at the Jing’an Shangri-La Hotel in Shanghai.
At constant exchange rates, sales in the Asia-Pacific region contracted by 18%. Although certain markets, including South Korea and Malaysia, experienced growth, combined sales in the Chinese Mainland, Hong Kong, and Macau declined by 27%.
In the third quarter, Ferrari’s global total shipments reached 3,383 units, a decrease of 2.2% compared to the previous year.
Phillip Lim Renowned Chinese-American designer Phillip […]
These 21 executives represent companies including LVMH, Kering, Richemont, L’Oréal Group, Tapestry, lululemon, and Asics.
