Axel Dumas, who has led Hermès for ten years, rarely shares his latest views on the entire luxury industry and the Chinese market, and provides a detailed analysis of the company’s long-standing development strategy.

From February 1 to February 15, 2024, the Luxe.CO Biweekly Rankings recorded 35 brand activities from 31 luxury brands in the Chinese market, including marketing dynamics (9), store expansion/renovation (20), pop-up store openings (4), and brand ambassador appointments (2).

Despite a weaker market environment in the second half of 2023, Lanvin Group, in a year of transformation, achieved overall growth: sales for the full year 2023 increased by 1% year-on-year.

After the financial report was released, as of the close on February 8, Ralph Lauren’s stock price surged by 16.77% to a near 9-year high of $171.82 per share.

In 2023, Hilton opened its 600th hotel in the Greater China region, the Hilton Nanjing Niushoushan, marking a milestone that signifies Hilton’s strong influence in the Greater China region.

Under the impetus of Prada and Armani brands, the licensed brand business achieved a growth of 10-20%.

In terms of mainland China operations, during the fiscal year 2023, Shiseido Group is transitioning from a growth model primarily driven by large-scale promotions to a more sustainable growth model, focusing on value-based brand and product communication to meet consumer demands.

In the fourth quarter, the RevPAR in the Greater China region surged by 87.4% compared to the same period last year, marking the most robust growth among all markets.

French luxury giant Hermès is expanding its store in on […]

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