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.

In the Greater China region, the Arc’Teryx self-operated retail stores boast a per-square-meter efficiency of over $2,000, which is twice that of North America!

In the last fiscal quarter, sales contributed by Chinese consumers (both domestically and overseas) increased by 42% year-over-year.

Rolls-Royce stated that in 2023, the order value and quantity of bespoke commissions reached record levels.

Benefiting from a 25% year-over-year increase in sales in Mainland China, Hong Kong, and Macau, the Asia-Pacific market recorded a 13% growth in sales.

Peacebird implemented strict controls on retail discounts for merchandise and accelerated the closure of low-performing stores in 2023.

In the fourth quarter, revenue reached 16.739 billion yuan, representing a year-on-year growth of 11.09%.

Brunello Cucinelli anticipates a healthy growth of approximately 10% in revenue for the fiscal year 2024, along with a very commendable profit margin and profits.