Aeffe aims to capitalize on the investment relating to the reorganization of the Moschino brand’s retail distribution in China.

Ferragamo noted that they are quite encouraged by the positive customers’ reaction in China since the restrictions were lifted.

Levi Strauss & Co. also announced that Harmit Singh’s role has expanded to chief financial and growth officer.

In 2022, the group recorded revenue of € 79.2 billion and profit from recurring operations of € 21.1 billion, both up 23%.

The growth, in fact, was driven by the retail channel and the Tod’s brand, which recorded excellent results in all product categories.

Burberry said its near and medium-term targets “remain unchanged as we continue to target high-single digit revenue growth with operating leverage ensuring good margin progression.”

In the third quarter, sales in mainland China declined 24 percent from a year earlier.

In APAC, Q3 revenue declined 4% due to China, partly because of the Covid impacts.

P&G said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.

This performance reflects the ongoing successful execution of the Company’s “CLAIM 5” strategy, which drove robust consumer demand for BOSS and HUGO also throughout the fourth quarter.