This report is based on brand public dynamics data comprehensively covered and updated in real-time by “Tong.Luxe.CO,” recording 406 major brand activities of Dior from January 1, 2023, to December 31, 2023

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 […]