China’s handbag market has already begun to recover.

In the first nine months, adjusted EBITDA rose 7% year-on-year to €173.6 million (approx. USD 188.3 million), with an EBITDA margin of 33.6%.

In the first half of the fiscal year, Chow Tai Fook Group’s revenue edged down 1.1% year-on-year to HKD 38.986 billion [USD 5.00 billion].

High-end consumption in China remains resilient, but middle-class and entry-level spending have yet to recover.

Arc’teryx’s sales trend in China was indeed somewhat sluggish at the beginning of the fourth quarter, but as the weather turned colder, sales have rebounded.

Group CFO, “Despite mixed overall consumer sentiment in China, the brand’s performance in the market remains solid.”

Sales in Asia excluding Japan rose 26.2% year-on-year to JPY 40.931 billion (approx. USD 270.5 million), with both the Chinese Mainland and Taiwan markets showing growth.

Ralph Lauren’s second-quarter results exceeded expectations across all regions, channels, and consumer segments.

All product categories and regional markets recorded net sales growth, with particularly outstanding performance from Sports Style and Onitsuka Tiger.

Net sales rose 24.9% year-on-year to CHF 794.4 million (up 34.5% at constant currency), while net profit surged 289.8% to CHF 118.9 million—both setting all-time highs.