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2024 will be a decisive year for the travel retail market.

“The growth rate of the prestige fragrance market indeed exceeds that of the high-end fragrance market. Luxury brands are doubling down on this category.”

In her new position, Liliana Lucioni will be responsible for COACH’s long-term strategic and business growth plans in China.

According to the agreement, the joint venture will be founded in April this year in Changshu City, Jiangsu Province, with Goldwin holding a 65% share and SGAR holding 35%.

Louis Vuitton’s new flagship store in Bangkok is named Louis Vuitton The Place Bangkok. It is a brand-new concept store and marks the sixth Louis Vuitton store in Thailand. With the opening of this store, Thailand has become the country with the most Louis Vuitton stores in Southeast Asia.

In the Chinese market, the Coach brand currently occupies a unique niche that is distinct from traditional European luxury brands, and this gap is unprecedentedly large.

In 2023, Longchamp also renovated its online store. The brand’s online sales increased by 56% in 2023.

Based on the data from January, the growth in Swiss watch exports is showing a slowdown but remains at a “significant level.”

According to the schedule released by the Camera Nazionale della Moda Italiana, this season’s Milan Fashion Week features a total of 161 events, including 56 in-person runway shows, 5 digital shows, 67 static presentations, 7 by-appointment static presentations, and 26 additional events.