Based on the data from January, the growth in Swiss watch exports is showing a slowdown but remains at a “significant level.”

Despite a weaker market environment in the second half of 2023, Lanvin Group, in a year of transformation, achieved overall growth: sales for the full year 2023 increased by 1% year-on-year.

In January 2024, the actual sales volume in the mainland China market was very optimistic, and the group was very satisfied.

After the financial report was released, as of the close on February 8, Ralph Lauren’s stock price surged by 16.77% to a near 9-year high of $171.82 per share.

In 2023, Hilton opened its 600th hotel in the Greater China region, the Hilton Nanjing Niushoushan, marking a milestone that signifies Hilton’s strong influence in the Greater China region.

Under the impetus of Prada and Armani brands, the licensed brand business achieved a growth of 10-20%.

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.