The Hang Lung Group was founded by Chan Tseng-hsi in 1960, and Ronnie C. Chan succeeded him as chairman in 1991.
The “Louis Vuitton in 2023” report published by Luxe.CO Intelligence includes 287 brand activities of the brand both domestically and internationally from January 1st to December 31st, 2023.
The rankings covers 292 major activities from 38 global luxury jewelry and watch brands in the China market over the past year
Due to the underperformance of the IRO Paris brand’s overseas operations, the company plans to make a provision for impairment of nearly 100 million yuan.
As of December 31st, 2023, Ferragamo’s net sales for the fiscal year 2023 decreased by 11.1% year-on-year to 1.12 million euros (calculated at a fixed exchange rate: -8.4%).
As Luxe.CO celebrates its tenth anniversary, the “Luxur […]
Sales in the Greater China region declined by 15% on an organic basis. Executives have stated that the slow overall consumer recovery is one of the reasons for the decline in this second-largest market.
As of January 12, 2024, the Moncler brand has opened 54 boutiques in the Chinese Mainland, spanning across 22 cities nationwide.
From January 1, 2024, to January 15, 2024, the 【Luxe.CO Biweekly Ranking】recorded 55 brand activities of 37 luxury brands in the Chinese market
In the last fiscal quarter, sales contributed by Chinese consumers (both domestically and overseas) increased by 42% year-over-year.
