The reasons behind this include concerns about the impact of a new wave of COVID-19 on the Chinese market, leading to the potential reimplementation of strict control policies, which could affect the demand in this crucial luxury consumer market. There are also worries about the slowdown in the growth of the US economy.

China’s largest sportswear and apparel retailer, Topsports, releases 2022/23 performance report with revenue of 27 billion yuan.

On May 25, 2023, Luxe.CO Tong released a total of 54 news articles with images, covering 60 brands, 11 commercial centers, and 12 cities.

In this IPO, IDB raised €70 million, with a total amount of €80.5 million if the greenshoe option is not included. At the beginning of trading, the group had a market value of approximately €293 million.

How did the self-portrait brand achieve year-on-year doubling of its performance in the Chinese market?

In this transaction, Chanel will acquire a total of 24.5% ownership in Cariaggi Lanifico, with 18.5% coming from Brunello Cucinelli and the remaining 6% from the Cariaggi family.

In the post-pandemic era, the resurgence of various events has driven the growth of LK Bennett’s business.

The brand will open its first pop-up store in China at the end of June in Shanghai, followed by the official opening of a boutique on Nanjing West Road.

Yatsen Holding, the parent company of Perfect Diary, achieves profit turnaround in the first quarter with skincare business accounting for over 30%.

On May 23, 2023, Luxe.CO Tong released a total of 57 news updates with images, involving 60 brands, 9 commercial centers, and 12 cities.