In 2022, Safilo’s net sales amounted to €1,076.7 million, up 11.1% at current exchange rates and 4.2% at constant exchange rates compared to €969.6 million recorded in 2021.

IEG will continue its Southeast Asia development plan with the support of the Singapore Tourism Board.

WHP’s brand portfolio in three verticals has generated over $6.5 billion in global retail sales.

Over 500 local, regional, and international luxury watch and jewelry brands showcased their collections at the 19th Doha Jewelry and Watch Exhibition.

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.