From July 16th to July 31st, 2023, Luxe.CO Biweekly Ranking featured a total of 43 updates from 26 luxury brands in the Chinese market. These updates included 9 marketing activities, 5 store expansion news, 24 announcements about opening pop-up stores, and 5 updates about Chinese celebrities endorsing the brands.
Hang Lung Properties and Hang Lung Group’s property rental income increased by 5% and 4%, respectively, reaching HKD 5.237 billion and HKD 5.523 billion.
In 2022, Klättermusen demonstrated impressive performance in the Chinese market, achieving a sales revenue of 50 million Yuan, representing a remarkable year-on-year growth rate of over 1000%.
Voolga’s stock price surged 27% on its first day of trading.
WWP Beauty’s production operations in China account for over 90% of its total workforce, including packaging and formulation experts.
Based on data from Luxe.CO Tong, we have exclusively compiled eight charts to examine how luxury jewelry brands are positioning themselves in the Chinese market
LuxePlace.com will be publishing updates on exclusive collaborations between high-end hotels and fashion brands in China bi-weekly.
In the European region, sales surpassed North Asia, making it the top market, while the mainland China market demonstrated strong recovery in the second quarter.
SYoung Group reports revenue growth recovery and a significant 72% surge in net profit.
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