The overall growth of the high-end beauty business in mainland China has slowed down, as evidenced by the current pre-sale stage data for the Double Eleven shopping festival.

Lorenzo Bertelli, the Head of Corporate Social Responsibility at Prada Group, is one of the driving forces behind the SEA BEYOND project. He stated, “Through SEA BEYOND, we continue to advance our educational objectives, which is the only way forward. The cost of prevention is always lower than the cost of solving problems.”

Since the pandemic restrictions were lifted in Greater China last year, development activities have steadily improved, and this quarter has witnessed the highest number of newly signed projects since 2021.

The increase in Proya’s average selling price has driven the gross profit margin to achieve a historic high.

Hermès is often regarded as a “luxury trendsetter,” and the information shared by its executives holds significant reference value for understanding the ever-evolving luxury industry.

Duplaix also acknowledged that the performance of the Chinese market has not actually reached the levels predicted earlier this year.

Li-Ning’s latest performance fell short of expectations, causing the stock price to drop by over 20%.

Anping Bridge was built during the Southern Song Dynasty and stands as the longest existing ancient sea-crossing stone bridge in China. It also held the distinction of being the world’s longest sea-crossing stone bridge during the medieval period. The bridge played a vital role in connecting the Maritime Silk Road, making it a crucial part of history. It is included in the first batch of national key cultural relics protection units and listed in the World Cultural Heritage List.

According to data compiled by Luxe.CO Tong, from January 2022 to September 2023, a total of 23 luxury brands have opened 26 stores in Hong Kong.

Luxe.CO Intelligence, the fashion industry research org […]