In the first nine months of this year, Ferragamo Group reported total revenue of €695 million, representing a year-on-year decline of 4.5% at constant exchange rates and a 6.6% decline at current exchange rates.

Hermès, “We will also be opening another store in China. This is a market where we are investing heavily.”

The Adidas brand achieved 12% growth, with total revenue reaching €6.63 billion (approximately USD 7.02 billion), marking the highest quarterly revenue in the company’s history.

All Asian countries continued to show growth, particularly in Greater China.

Currently, the Chinese market accounts for approximately 13% of total revenue, and the Group expects this share to gradually increase.

Nike’s management candidly acknowledged that the Chinese market is facing “structural challenges,” and that its recovery will follow a “different timeline.”

“We remain confident in the long-term opportunity in China, particularly in footwear and apparel for running, training, basketball, and football.”

“In 2025, China will be a primary focus for new store expansion in our international markets.”

In the first half of 2025, Sephora’s Beijing and Shanghai entities posted a combined net loss of RMB 120 million [approx. USD 16.5 million].

Adjusted EBITDA loss widened to €52 million (approximately USD 56.5 million).