High-end consumption in China remains resilient, but middle-class and entry-level spending have yet to recover.

Before the opening bell on July 30 (ET), Italian luxury […]

Greater China recorded €509.4 million in full-year sales revenue, representing a 14.5% year-on-year decline (organic decline of 13.7%). The region accounted for 26% of the group’s total revenue, making it the third-largest market for the group.

In late April, the Italian luxury group Ermenegildo Zeg […]

Currently more than 90% of Chinese customers’ spending occurs in Greater China and more than 80% in mainland China.

In the fourth quarter, the Greater China region achieved revenue of 176 million euros, representing a year-on-year growth of 35.0%.

“We are not seeing the same incidence of Chinese out of Greater China as other brands. Most of our Chinese spending occurs structurally occurs within the domestic market.”

Norda not only fills the niche market targeted by Zegna Group but also fits the Group’s high-end positioning. 

“After my recent trip to Greater China, I am optimistic about China’s reopening as we are witnessing a rebound in our business and the industry at large.”