French luxury brand Chanel has appointed two executives to succeed Vincent Shaw, who will step down as the Asia-Pacific regional president later this year.

In the context of a slowdown in demand in the luxury goods industry, this series of personnel changes has taken place. However, as a leader in the luxury goods industry, Chanel is very optimistic about its future performance.

From December 16 to December 31, 2023, the 【Luxe.CO Biweekly Ranking】 compiled 40 updates from 30 luxury brands in the Chinese market.

Christmas and New Year’s are fast approaching! Major luxury brands have launched their festive Christmas window displays, a series that every year can be described as a “clash of the titans.”

“Chanel in 2023” has gathered a total of 258 major events that occurred from January 1, 2023, to December 18, 2023, both domestically and internationally.

From November 16 to November 30, 2023, the 【Luxe.CO Biweekly Ranking】 recorded 39 updates from 25 luxury brands in the Chinese market, including marketing updates (8), store expansions (7), pop-up store openings (20), online channel expansions (1), and spokesperson appointments (3).

“Our fundamental belief is that when we focus on building our brand’s strength, engaging with our clients, taking care of our people, and integrating a long-term perspective in everything we do, our financial performance will follow.”

Monthly rent exceeding HKD 3 million, making it one of the highest-value leases in Hong Kong since the outbreak of the COVID-19 pandemic.

This year’s global capital investment total is twice that of last year.

“We’re going to stay a private, independent company. Rumors always float around, but you can put those to rest.”