LVMH Group and the Miller family will participate in a capital increase of China Duty Free Group by subscribing to newly issued H shares in Hong Kong.
The Chinese market confirmed its excellent state of health, maintaining significant double-digit growth in every quarter.
Fast Retailing has raised its full-year forecast for fiscal year 2026.
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.
