Estée Lauder stated that although there has been an increase in foot traffic in major shopping areas such as China’s Hainan Island and Korea, consumer spending on luxury beauty products has lagged behind.

The group appointed Robert Triefus as CEO of its Stone Island brand to “lead the second phase of development, focusing on the strategic development of the brand and the growth of its international influence”.

Biemlfdlkk’s Q1 operating revenue increased by 33.13% year-on-year to RMB 1.079 billion, and the net profit attributable to shareholders of the listed company increased by 41.36% year-on-year to RMB 300 million.

Nivea and the Derma division performed well, achieving growth of 18% and 26.9%, respectively.

The Japanese and French luxury skincare brand EDB, which was acquired by S’Young, generated nearly 100 million yuan in revenue over five months since the acquisition.

Hugo Boss’s sales in China were far higher than the same period last year, with a growth of 25% adjusted for exchange rates.

Benefiting from positive pricing strategies and product portfolio, as well as a decrease in transportation and energy costs, the group’s gross margin significantly increased to 58.4% in the first quarter.

After completing four investments, the Youngor fashion industry ecosystem has become even clearer.

Since going public, the company’s stock price has risen nearly 15%, with a current market value of approximately 17.6 billion euros.

PROYA’s brand revenues surpass CNY 50 Billion with online channels accounting for over 90%.