In the first quarter, The RealReal’s strategic focus on higher-margin consignment business has started to yield results. During the first quarter, consignment revenue experienced a 22% YoY growth, while direct revenue saw a decline of 49% YoY.

Giorgio Armani, the founder, concluded, “The medium-long term strategic path I have chosen to undertake continues to prove effective as is evidenced in the results.”

For Fiscal 2024, the Company expects revenues to increase approximately low-single digits to last year on a constant currency basis.

China’s largest sportswear and apparel retailer, Topsports, releases 2022/23 performance report with revenue of 27 billion yuan.

In the post-pandemic era, the resurgence of various events has driven the growth of LK Bennett’s business.

Yatsen Holding, the parent company of Perfect Diary, achieves profit turnaround in the first quarter with skincare business accounting for over 30%.

Marimekko’s goal is to open approximately 10 to 15 new stores and shop-in-shops in 2023, with the majority of planned openings in Asia.

During the third quarter of the fiscal year 2023, ending on April 1st, the Greater China region recorded a growth of approximately 20%, exceeding expectations.

Since the beginning of this year, the company’s stock price has experienced an impressive increase of nearly 76%. With the current market value standing at approximately $9.6 billion.

Once the potential dual listing is implemented, the Ferretti Group will officially be listed on both the Hong Kong Stock Exchange and the pan-European exchange in Milan.