In terms of mainland China operations, during the fiscal year 2023, Shiseido Group is transitioning from a growth model primarily driven by large-scale promotions to a more sustainable growth model, focusing on value-based brand and product communication to meet consumer demands.

In the fourth quarter, the RevPAR in the Greater China region surged by 87.4% compared to the same period last year, marking the most robust growth among all markets.

Currently more than 90% of Chinese customers’ spending occurs in Greater China and more than 80% in mainland China.

The Group announced a further expansion of its profit recovery plan with a restructuring plan.

Canada Goose experienced strong growth in the mainland Chinese market last quarter, with foot traffic in its standalone stores doubling compared to the same period last year.

The Swiss watch industry concluded 2023 at a high level, with a year-on-year growth of 7.6% to 26.7 billion Swiss francs compared to the previous year.

The valuation of Amer Sports is around $6.3 billion.

In the fourth quarter, the Greater China region achieved revenue of 176 million euros, representing a year-on-year growth of 35.0%.

As of December 31st, 2023, Ferragamo’s net sales for the fiscal year 2023 decreased by 11.1% year-on-year to 1.12 million euros (calculated at a fixed exchange rate: -8.4%).

Sales in the Greater China region declined by 15% on an organic basis. Executives have stated that the slow overall consumer recovery is one of the reasons for the decline in this second-largest market.