Group CFO, “Despite mixed overall consumer sentiment in China, the brand’s performance in the market remains solid.”
Sales in Asia excluding Japan rose 26.2% year-on-year to JPY 40.931 billion (approx. USD 270.5 million), with both the Chinese Mainland and Taiwan markets showing growth.
Nicolas Bos pointed out that growth in the Chinese market was indeed driven by improved performance in Hong Kong and Macao, including both tourist and local customers.
Ralph Lauren’s second-quarter results exceeded expectations across all regions, channels, and consumer segments.
Burberry’s “earned reach” in China increased by 129%, which translated into a 10% increase in new customers in the country.
An LVMH veteran takes the helm of one of the world’s most iconic Cognac houses.
All product categories and regional markets recorded net sales growth, with particularly outstanding performance from Sports Style and Onitsuka Tiger.
Net sales rose 24.9% year-on-year to CHF 794.4 million (up 34.5% at constant currency), while net profit surged 289.8% to CHF 118.9 million—both setting all-time highs.
Richemont’s pavilion is themed “Stories about Beauty, Elegance, and Timeless Style,” narrating legendary stories of enduring style and eternal elegance.
LuxeCO Intelligence has specially selected the Top 3 brand cases from September to October that are most noteworthy for the industry: Kailas, ANTA, and HELLY HANSEN.