In 2023, the average revenue per store for Laopu Gold reached 93.9 million yuan, doubling from the previous year. Among them, the total revenue of the two stores located in Beijing SKP was 336 million yuan, with a monthly sales per square meter of 440,000 yuan.

Most of our improvements in the Chinese market stem from streamlining our operations and aligning them more closely with local market demands. In fact, we haven’t actually expanded our distribution network.

The same-store sales in the Asia-Pacific region increased by 3% in the fiscal year 2024, but experienced a 17% decrease in the fourth quarter.

Adidas has announced that former American professional female basketball player Candace Parker will assume the role of President of the Brand’s Women’s Basketball Business.

The group is confident about the acquisition of Capri and is committed to actively addressing the lawsuit filed by the Federal Trade Commission, striving to complete the acquisition transaction by 2024.

Prior to joining Estée Lauder Companies, Shane Wolf worked for several years in L’Oréal Group’s hair care business, holding the latest position of Global President for the Professional Products Division’s American brands.

In late April, the Italian luxury group Ermenegildo Zeg […]

Swire Properties stated its goal of doubling the total floor area in mainland China by 2032.

“Reviving Gucci’s growth momentum is a top priority for Kering in the short term.”

Shenzhen, one of China’s most developed cities, is known for its high-intensity, fast-paced lifestyle, which has spurred a strong need among its residents to relieve stress through “consumption.” The city is densely populated with high-income individuals, which not only favors fashion luxury goods but also makes high-end experiential consumption and social activities particularly popular there.