Luxe.CO Intelligence conducted a study on 218 developments from 105 luxury brands in the Chinese Mainland during the second quarter of 2024 and selected the top five cases for industry reference, providing exclusive insights.

Compared to the same period in 2023, the provisional total retail sales value for the first five months of this year decreased by 6.1% year-on-year.

DT51 is a fashion shopping center developed by Beijing Hualian Department Store Co., Ltd. as an upgrade project for community commerce.

Since its launch in 2014, the Luxe.CO website and app h […]

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The total transaction amount for the spring auction reached HKD 2.3 billion / USD 297 million, with an average project and amount transaction ratio of 90%. Forty-two percent of the lots exceeded their highest estimates, and 106% of the transaction prices surpassed the minimum estimates.

In addition to the stores at the Peninsula Beijing and SKP, Hermès also has a boutique located at China World Mall in Beijing.

We are confident in the long-term development of the group in China and will further increase innovation investment with Estée Lauder China Innovation Research Center as the engine.

The core operating profit in the Chinese market amounted to 1 billion yen, marking a significant increase of 2.3 billion yen compared to the previous year, thanks to effective cost management strategies.

The brand hopes that in the coming years, sales in the Chinese market alone will account for over 10% of the total.