Lanvin, the Group’s flagship brand, grew global revenue by 67%, with record 145% growth in its Wholesale business.

Group annual revenue exceeds €20 billion for the first time, with record results for all brands.

In fiscal year 2022, Ferrari’s sales in Mainland China, Hong Kong, and Taiwan reached 1,552 units, an increase of 72.6 percent year-on-year.

Stephanie Linnartz, former Marriott executive, would be taking over as Under Armour CEO and starting in the role on Feb. 27.

OTB Group has finalized its 2023-2025 strategic plan, confirming its ambitious organic growth targets as well as its interest in potential acquisition targets in the luxury goods industry.

Meanwhile, the Group started discussions with Euronext in order to change its market of reference from Euronext Amsterdam to Euronext Paris as part of an initiative to simplify its structure, given the limited trading activity in that market.

For the full fiscal year 2022, reported net sales were $12.44 billion, showing an increase of 7% compared to the prior year period. On a comparable basis, currency-neutral sales increased by 9%, with growth achieved across all divisions, led by double-digit increases in Nourish and Pharma.

In Full Year, sales increased by 18.5% to €38.26 billion reportedly and by 10.9% on a LFL basis. In Q4, sales rose 13.5% reportedly to €10.32 billion and 8.1% on a LFL basis.

For the full fiscal 2022, Unilever’s turnover jumped 14.5% to €60.1 billion and underlying sales growth reached 9%. GAAP operating profit surged 24% compared to 2021 to hit €10.8 billion.

During the reporting period, the group also initiated a stock buyback plan, repurchasing approximately 5.7 million common shares for approximately $300 million in the open market.