The data unexpectedly marked the largest drop in eight months since March 2022 (-13.8%), mainly due to the pandemic’s impact and the global economy’s slowdown.

Zurich-based holding company DKSH has announced the sale of its 25% stake in Bovet Fleurier SA, a Swiss watchmaking brand, to Mr. Pascal Raffy and his family.

The 1st issue of 2023 “Luxe.co China Investment Weekly” included 3 domestic investment and financing news from December 24, 2022 to January 6, 2023.

As of December 31, 2021, Vivienne Westwoodmanaged to increase revenue to ￡66.2 million from ￡42.1 million in the previous year.

In 2022, Luxe.CO’s Personnel Trends column recorded a total of 29 fashion and luxury brands that had announced changes to their creative directors. Among them, 27 companies have newcomers in place, and 2 companies have left the spot vacant. From this, we have observed 5 important trends.

Investor interest has been heating up in the beauty services sector, and facials appear to be ripe for investment.

Paglieri Group will embark on a new journey in 2023 with an expected turnover of 200 million euros.

In the last two weeks of 2022 (December 16-29, 2022), Luxury Brands in China Bi-weekly by Luxe.CO has compiled a list of 30 luxury brands that have launched Year of the Rabbit Spring collections.

As of 2022, the total number of employees of the group reached 2,200, of which 70 are recruited in 2022.

After the acquisition, Victoria’s Secret will leverage Adore Me’s expertise and technology to continue to improve the Victoria’s Secret and PINK customer shopping experience and accelerate the modernization of VS&Co’s digital platform.