Brunello Cucinelli: “We don’t want to open stores blindly in China. We’re not looking to achieve 15%–20% growth through China. We don’t want to be acquired by anyone. We want balanced growth.”

Before the opening bell on July 30 (ET), Italian luxury […]

Plush products became a phenomenal hit, with their share of total revenue surging from 9.8% in the same period last year to 44.2%, surpassing collectible figures to become the Group’s largest product category.

Net profit reached €129 million (approx. USD 139.5 million), representing a 73% increase compared to €75 million in the same period last year.

For the full fiscal year 2025, net sales increased by 5% year-on-year on both a reported and constant currency basis to USD 7.01 billion.

Lao Pu Gold’s overseas business revenue experienced explosive growth, increasing by 455.2% year-on-year to RMB 1.597 billion [USD 219.1 million].

The strong performance of the DTC channel in the Chinese Mainland reflects robust consumer demand and deep resonance with the brand’s seasonal products.

Adidas maintains its initial full-year outlook, expecting operating profit between €1.7 billion and €1.8 billion.

Lao Pu Gold’s revenue for the first half of 2025 is estimated to be approximately RMB 12 billion to RMB 12.5 billion (USD 1.65 billion to USD 1.72 billion), representing a year-on-year increase of around 241% to 255%.

“LVMH showed solidity in the current context.”