This shop also marks the fourth independent store the brand has opened worldwide. The other three branches can be found in New York, Los Angeles, and London.

Although the overall growth is on the rise, the performance fell short of the previously expected growth of 6-8%.

The growth, in fact, was driven by the retail channel and the Tod’s brand, which recorded excellent results in all product categories.

Burberry said its near and medium-term targets “remain unchanged as we continue to target high-single digit revenue growth with operating leverage ensuring good margin progression.”

In the third quarter, sales in mainland China declined 24 percent from a year earlier.

In APAC, Q3 revenue declined 4% due to China, partly because of the Covid impacts.

Cudoni was founded by James Harford-Tyrer in October 2015, headquartered in London, formerly known as SellSprint.

In the 2nd issue of 2023, Luxe.CO China Investment Weekly covered 4 domestic investment and financing news from January 7, 2023, to January 20, 2023.

P&G said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.

Having acquired Lambert Spawn Europa B.V., the company vertically integrates a major source of mushroom substrate — mixtures of raw agricultural products inoculated with specialized mushroom strains — within the operations of the world’s premier developer of mycelium materials and products.