The establishment of the ESG Management Committee and the release of the first standalone ESG report mark LILANZ’s shift in ESG efforts from “regulatory compliance” to a “core corporate strategy.”

At midday Central European Time on February 20, German […]

In 2024, net sales in the Greater China region increased by 29.5%, while profit grew by 47.5%.

Compared to 2023, Lao Pu Gold added seven new stores and upgraded or expanded four existing stores.

In a more complex economic and geopolitical environment, the group expressed confidence in its outlook for 2025.

In the Asia-Pacific market, Brooks saw a 228% year-over-year sales increase in China, the world’s second-largest running market.

Greater China recorded €509.4 million in full-year sales revenue, representing a 14.5% year-on-year decline (organic decline of 13.7%). The region accounted for 26% of the group’s total revenue, making it the third-largest market for the group.

LVMH’s sales in the Asia-Pacific region, led by the Greater China market (excluding Japan), declined by 10% in the fourth quarter and 11% for the full year.

In the third fiscal quarter, all Richemont business segments showed significant sales improvement compared to the first half of the fiscal year.

In the first 11 months of this year, the global export value of Swiss watches was approximately CHF 23.9 billion, a year-on-year decrease of 2.7%.