Meanwhile, in Q1, UGG® brand net sales decreased 6.0% from $207.9 million to $195.5 million.

Including the Chinese market, the Asian region remains the largest market for LVMH Group, contributing 34% of its revenue, which represents an expansion compared to the same period last year.

L’Occitane Group Reports Strong 36% Growth in the Chinese Market for the Last Quarter

Unilever sees improvement in the Chinese market with 7.9% sales revenue growth.

Tesla Achieves Record-Breaking Revenue of $24.927 Billion in Q2.

Chinese innovative electrical brand “Deerma” debuts on the ChiNext board with a market capitalization of 6.8 billion yuan.

“Our fundamental belief is that when we focus on building our brand’s strength, engaging with our clients, taking care of our people, and integrating a long-term perspective in everything we do, our financial performance will follow.”

KMD Brands said that near-term trading in Q4 was more challenging as rising cost-of-living pressures dampened consumer confidence.

Anta and FILA brands accelerate growth, DESCENTE and KOLON SPORT maintain high growth.

For the second half of the 2023 fiscal year, the group anticipates excellent growth opportunities in all regions and across all price segments. However, the only concern is the unfavorable currency environment that could potentially pose challenges.