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.

In the first quarter, China reemerged as the growth engine, driving a robust rebound in sales in the Asia-Pacific region.

The Chinese market saw a significant year-on-year increase of 29% to €88.6 million, accounting for 32.8% of Tod’s Group’s total revenue, making it the largest market for the group.

The group agreed to sell Aesop to L’Oréal for an enterprise value of US$2.525 billion (subject to customary regulatory approvals).

“Our 2023 first quarter was the best ever sales quarter in our history as our European based operations grew the top line by 26% or 29% in constant currency and U.S. based operations by 19%.”

Santoni brand has experienced rapid growth in recent years, with expanding its women’s clothing market being one of its main focuses. The 2023 autumn/winter women’s clothing collection is based on the brand’s classic elements, emphasizing luxurious handcrafted techniques to showcase the unique qualities of women.

The company’s independent brand business benefited from the explosive growth of domestic outdoor camping, achieving revenue of RMB 705 million, with an impressive year-on-year growth of 130.50%, becoming a new highlight in the company’s performance.

After the financial report was released, as of the close of trading on April 28th, Ellassay’s stock price rose by 10% to 12.09 yuan per share, with a current market value of approximately 4.769 billion yuan.