After two consecutive months of gains at the start of the year, the Luxe.Co Luxury Industry Stock Index plunged, falling from 265.5 to 231.3—a decline of 12.9%—returning to the sluggish level seen at the end of last year.

In 2024, Li-Ning increased its research and product development expenditure to RMB 676 million [approx. USD 93.5 million], raising its share of total revenue from 2.2% to 2.4%.

In the fourth quarter of fiscal 2024, net revenue from the Chinese Mainland increased by 46% year-on-year.

Pop Mart expects its full-year performance in 2025 to surpass RMB 20 billion [USD 2.77 billion], with overseas revenue exceeding RMB 10 billion [USD 1.38 billion].

The establishment of the ESG Management Committee and the release of the first standalone ESG report mark LILANZ’s shift in ESG efforts from “regulatory compliance” to a “core corporate strategy.”

At midday Central European Time on February 20, German […]

In 2024, net sales in the Greater China region increased by 29.5%, while profit grew by 47.5%.

Compared to 2023, Lao Pu Gold added seven new stores and upgraded or expanded four existing stores.

In a more complex economic and geopolitical environment, the group expressed confidence in its outlook for 2025.

In the Asia-Pacific market, Brooks saw a 228% year-over-year sales increase in China, the world’s second-largest running market.