From January to August this year, a total of 18 luxury brands have upgraded 21 stores in Beijing, including both new stores and renovated old ones.

From 2022 to the present (18 months), luxury brands have strategically positioned themselves in the four central cities of the Greater Bay Area – Shenzhen, Guangzhou, Hong Kong, and Macau.

“Bespoke customization is undoubtedly the pinnacle of products. At JOHN LOBB, customers can have a unique pair of shoes made specifically for their feet.”

For many investors, the luxury goods industry still holds appeal, but the sector is currently trading at historically high premiums compared to the overall market.

Arnault has stated that the group will participate in the 6th China International Import Expo, which will be held in Shanghai from November 5th to 10th.

The first Hermès store in China, located in The Peninsula Beijing, was opened after a complete renovation and expansion.

In the central area of the North District Square, two adjacent standalone buildings are nearing completion behind red hoardings.

Expanding its retail network in new cities with caution and opening one new boutique store per year in a new city to increase its brand influence in China are two top priorities for Hermès in the Chinese market.

The Asia-Pacific region is the largest market for Hermes, with sales of 6.657 billion euros in 2022, accounting for 57%.

This case is one of the first copyright disputes in the NFTs field.