The increase in Proya’s average selling price has driven the gross profit margin to achieve a historic high.

Hermès is often regarded as a “luxury trendsetter,” and the information shared by its executives holds significant reference value for understanding the ever-evolving luxury industry.

The strong growth of 28.0% in the Chinese market is driving overall growth in the Asia-Pacific region, which has seen a 9.2% increase.

Duplaix also acknowledged that the performance of the Chinese market has not actually reached the levels predicted earlier this year.

In the third quarter, Moncler’s brand revenue in the Asian market increased by 22% YoY at fixed exchange rates, demonstrating the best performance among all markets.

“We are not seeing the same incidence of Chinese out of Greater China as other brands. Most of our Chinese spending occurs structurally occurs within the domestic market.”

Li-Ning’s latest performance fell short of expectations, causing the stock price to drop by over 20%.

European eyewear giant EssilorLuxottica announced its d […]

Jiangnanbuyi Group’s members who spend over 5000 RMB annually contribute to over 60% of offline retail sales.

Looking ahead to the future, Brunello Cucinelli expresses a very optimistic outlook for the entire year of 2023. Revenue is expected to achieve a growth of 19%, with a healthy profit margin and highly appealing earnings growth.