“The more brands there are, the greater people’s appetite becomes, and at some point that appetite will be valuable for Hermès.”

The report includes a total of 277 brand activities from 40 luxury jewellery and watch brands in the Chinese market, marking the fourth consecutive year that the annual Luxury Jewellery & Watch Brands in China Power Ranking has been released.

In fiscal year 2024, Caruso recorded revenue of EUR 37 million, down 7% year-on-year.

In Greater China, we currently expect to achieve year-on-year growth of more than 25% for the full year.

With trail running as its entry point, the brand is positioned in the new-generation professional outdoor sports market.

The Chief Executive Officer emphasised, “We have achieved market share gains across all four major categories in the Chinese Mainland market for four consecutive quarters.”

Driven by strong consumer demand, the Chinese Mainland market became the largest contributor to growth this quarter.

Global net new customers exceeded 3.7 million, with the number of Generation Z consumers increasing significantly year on year.

In the previous quarter, the group’s net revenue rose 12% year on year to USD 2.4 billion, exceeding expectations.

From February 2nd to 28th, the “2026 Qingshui Bay […]