SBM Group was founded on April 2nd, 1863, under a sovereign decree issued by Prince Charles III of Monaco. The SBM Group owns and operates the Monte Carlo Casino, the Opéra de Monte-Carlo, and the Hôtel de Paris in Monte Carlo. In 2015, LVMH Group acquired a 5% stake in SBM.
Dr. Martens did not fare as well in the US market, where consumer confidence has weakened.
In the fiscal year 2023, Hoka achieved a remarkable 58% year-on-year growth in global revenue, reaching $1.4 billion. This marks the fourth consecutive year of Hoka’s revenue growth surpassing 50%.
The North Face brand achieved outstanding performance in the Greater China region during the fourth quarter, with sales increasing by nearly 40%.
“We’re going to stay a private, independent company. Rumors always float around, but you can put those to rest.”
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.