In 2022, Puig, which is 100% family-owned, achieved a new sales record, with revenue increasing by 40% year-on-year to €3.62 billion and net profit increasing by 71% to €400 million.

Coty’s Chairman, Peter Harf, stated, “Paris is the historic home of beauty, and the industry still holds a special attraction for investors there.”

Shanghai Jahwa has completed another acquisition of a maternal and child company.

Estée Lauder stated that although there has been an increase in foot traffic in major shopping areas such as China’s Hainan Island and Korea, consumer spending on luxury beauty products has lagged behind.

In 2022, Intersport France’s sales increased by 16.1% to 3.26 billion euros. Group leader Jacky Rihouet has promised to invest nearly 150 million euros in helping Go Sport get back on track within 7-8 years.

Karl Lagerfeld once stated, “I have designed the entire hotel. It’s the first time for me. I think it’s a great idea.”

Currently, the Japanese tourism industry is shifting towards wealthier clientele because they are more willing to spend on high-end luxury goods and services.

Jean-Jacques Guiony said that fashion leather dividend should benefit from a strong push from Mainland China in 2023.

In 2021, Koio’s sales grew by 50%, and in 2022, the company recorded another 50% growth.

Tiffany will open several new stores in the Chinese market and has secured prime locations.