Peacebird implemented strict controls on retail discounts for merchandise and accelerated the closure of low-performing stores in 2023.

During discussions with Luxe.CO, numerous brand executives emphasized the crucial role of the Chinese market in their brands’ global strategy.

In the fourth quarter, revenue reached 16.739 billion yuan, representing a year-on-year growth of 11.09%.

Brunello Cucinelli anticipates a healthy growth of approximately 10% in revenue for the fiscal year 2024, along with a very commendable profit margin and profits.

In the fiscal year 2023, business in mainland China regained vitality; however, Chinese consumers have become more discerning when it comes to products and prices.

Despite a double-digit decline (-24.4%) compared to the same period in 2022, China continues to hold its position as Italy’s largest supplier.

Before the outbreak of the pandemic, Chinese travelers accounted for 4% of passengers at Dubai International Airport but contributed to 17% of the sales revenue in Dubai Duty Free.

In 1995, U.S. NASA astronaut Chris Hadfield, aboard the […]

In the fourth quarter of 2023, Xtep retail sales saw a year-on-year growth of over 30%, with retail discounts at approximately 30%.

Bottega Veneta releases their 2024 Chinese New Year short film titled “The First Sunrise with You”.