L’Oréal Group’s sales for the first nine months of this year increased by 6% year-over-year to €32.4 billion, with an 8.1% growth at constant exchange rates and a 6% growth on a comparable basis.

In the first nine months of fiscal year 2024, LVMH’s sales revenue decreased by 2% year-on-year to €60.8 billion, remaining flat on an organic basis compared to the same period last year.

Given the ongoing uncertainty in luxury consumer demand, Ferragamo Group expects its full-year operating results to approach the lower end of analysts’ current estimates.

Next year, the group plans to open a new flagship store in Beijing.

The duty-free store revenue at Beijing airports (including Capital International Airport and Daxing International Airport) increased by more than 140% year-on-year.

By the end of the year, the brand will launch its second fragrance collection, adding six new scents under the series name “Incanti Poetici.”

Fast Retailing expressed its ambition to become the “world’s No. 1 brand,” trusted by customers globally and indispensable in everyday life.

On March 11, 2024, the group acquired a 51% equity stake in the onmygame brand for a total cash consideration of ¥96.44 million. This equity investment will help further diversify and strengthen the group’s portfolio of designer brands.

During the reporting period, Anta Group strengthened its innovation and research and development efforts, with R&D investment reaching RMB 919 million in the first half of the year, marking a 35.7% year-on-year increase. The proportion of R&D expenses to revenue also rose by 0.4 percentage points compared to the previous year.

The global luxury market remains sluggish, with significant revenue impacts in the EMEA region and the Greater China region, while the Lanvin brand achieved a strong 9% growth in the Asia-Pacific region outside of Greater China.