In fiscal year 2022, Ferrari’s sales in Mainland China, Hong Kong, and Taiwan reached 1,552 units, an increase of 72.6 percent year-on-year.

In the future in the Chinese market, the Group will expand its brand portfolio and expand into new areas.

The luxury shoe industry is expected to generate a total of $40 billion in revenue by 2027, a 29% increase from 2022, according to market research firm Euromonitor International.

The offer for this privatization transaction is €48 per share, with new shareholders holding no more than 5% of the shares. The agreement reached is a long-term agreement, including an 8-year lock-up period, and there is no call or put option agreements.

Stephanie Linnartz, former Marriott executive, would be taking over as Under Armour CEO and starting in the role on Feb. 27.

OTB Group has finalized its 2023-2025 strategic plan, confirming its ambitious organic growth targets as well as its interest in potential acquisition targets in the luxury goods industry.

The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.

Meanwhile, the Group started discussions with Euronext in order to change its market of reference from Euronext Amsterdam to Euronext Paris as part of an initiative to simplify its structure, given the limited trading activity in that market.

If the deal goes through, it would be at a discount of around 90% to the initial public offering price of 295p roughly 18 months ago.

Wolverine Worldwide and Designer Brands have signed an exclusive licensing agreement for Hush Puppies branded footwear in the US and Canada.