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.

The group appointed Robert Triefus as CEO of its Stone Island brand to “lead the second phase of development, focusing on the strategic development of the brand and the growth of its international influence”.

Biemlfdlkk’s Q1 operating revenue increased by 33.13% year-on-year to RMB 1.079 billion, and the net profit attributable to shareholders of the listed company increased by 41.36% year-on-year to RMB 300 million.

Nivea and the Derma division performed well, achieving growth of 18% and 26.9%, respectively.

The Japanese and French luxury skincare brand EDB, which was acquired by S’Young, generated nearly 100 million yuan in revenue over five months since the acquisition.

Hugo Boss’s sales in China were far higher than the same period last year, with a growth of 25% adjusted for exchange rates.

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.

Benefiting from positive pricing strategies and product portfolio, as well as a decrease in transportation and energy costs, the group’s gross margin significantly increased to 58.4% in the first quarter.

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

All Dr. Barbara Sturm products are made in Germany, with prices ranging from $35 for scalp serum to $850 for men’s anti-aging sets. Dr. Sturm aims to provide hydration and rejuvenation services for people of all ages and skin types, and her products are highly praised for improving skin problems such as wrinkles and enlarged pores.