Driven by strong consumer demand, the Chinese Mainland market became the largest contributor to growth this quarter.
Global net new customers exceeded 3.7 million, with the number of Generation Z consumers increasing significantly year on year.
In the previous quarter, the group’s net revenue rose 12% year on year to USD 2.4 billion, exceeding expectations.
In the fourth quarter, the DTC channel achieved positive growth in South Korea, the Chinese Mainland, and Southeast Asia.
LVMH Group and the Miller family will participate in a capital increase of China Duty Free Group by subscribing to newly issued H shares in Hong Kong.
The Chinese market confirmed its excellent state of health, maintaining significant double-digit growth in every quarter.
Fast Retailing has raised its full-year forecast for fiscal year 2026.
China’s handbag market has already begun to recover.
In the first nine months, adjusted EBITDA rose 7% year-on-year to €173.6 million (approx. USD 188.3 million), with an EBITDA margin of 33.6%.
In the first half of the fiscal year, Chow Tai Fook Group’s revenue edged down 1.1% year-on-year to HKD 38.986 billion [USD 5.00 billion].