China’s e-commerce giant, Yatsen Holding Limited, saw a 36.5% dip in net income from RMB 58.4 billion in 2021 to RMB 37.1 billion (approximately USD 5.37 billion) in 2022.
China is Swarovski’s second-largest market worldwide (accounting for 12% of sales), while Germany is the largest market in the European region.
In 2021, the company acquired all IP rights of the Swiss high-tech sports luxury brand X-BIONIC in China.
NIO’s first Danish battery swap station goes live, bringing its total to 12 across five European countries.
Citizen reports record high net profit in seven years, with a YoY increase of 14.6% to JPY 19.697 billion.
According to a statement released by H&M, the new company is called Looper Textile, with H&M and Remondis each owning a 50% stake.
IFS Chengdu and Sino-Ocean Taikoo Li ranked first and second with annual sales of over RMB 8 billion each. The MixC Chengdu ranked third with annual sales of RMB 5.4 billion.
Jamieson Wellness is one of the world’s leading VMS (vitamins, minerals, and supplements) companies and the owner of Canada’s top consumer health brand.
The trend of “near-shoring” is becoming increasingly popular, making Mexico a hot spot for investment by many major players.
Chinese Medicine Tops the Charts: Hong Kong’s Retail Sales Soar in January 2023 with Jewelry and Luxury Gifts Following Closely Behind
