At the LVMH pavilion, Hennessy showcased its initiatives and strategies from multiple dimensions—including products, craftsmanship, artist collaborations, and sustainability—highlighting the brand’s efforts globally, with a particular focus on China.

“The strong performance across each geographic region this quarter highlights the resilience of our diversified growth drivers and the growing strength of our high-end consumer base, giving us the confidence to raise our fiscal year outlook ahead of the critical holiday season.”

During the reporting period, Capri Holdings’ total sales revenue was $1.08 billion, reflecting a 16.4% decline compared to the previous year at both reported and constant currency rates.

The Chinese market is the company’s most significantly declining market.

LVMH Group CFO Jean-Jacques Guiony Appointed President and CEO of the Wines & Spirits Division.

Analysts stated that the revised outlook still appears conservative, expressing optimism about future growth opportunities.

In the first nine months, the company’s gross profit margin reached 55.4%, and its operating profit margin was 17.4%, both setting record highs for the second consecutive year.

On November 8, 2024, the Luxe.CO Sports and Outdoor Investment Salon was successfully held at the Jing’an Shangri-La Hotel in Shanghai.

At constant exchange rates, sales in the Asia-Pacific region contracted by 18%. Although certain markets, including South Korea and Malaysia, experienced growth, combined sales in the Chinese Mainland, Hong Kong, and Macau declined by 27%.

In the third quarter, Ferrari’s global total shipments reached 3,383 units, a decrease of 2.2% compared to the previous year.