In terms of mainland China operations, during the fiscal year 2023, Shiseido Group is transitioning from a growth model primarily driven by large-scale promotions to a more sustainable growth model, focusing on value-based brand and product communication to meet consumer demands.

Personnel updates across three brands.

In the fourth quarter, the RevPAR in the Greater China region surged by 87.4% compared to the same period last year, marking the most robust growth among all markets.

French luxury giant Hermès is expanding its store in on […]

Currently more than 90% of Chinese customers’ spending occurs in Greater China and more than 80% in mainland China.

The Group announced a further expansion of its profit recovery plan with a restructuring plan.

7 personnel changes in the industry.

On February 9, 2024, L’Oréal Group, the French be […]

Luxeplace.com has selected ten luxury brands’ New Year short films, showcasing how these brands explore and interpret local culture as the Year of the Dragon arrives in the Jiachen year.

French luxury brand Chanel has appointed two executives to succeed Vincent Shaw, who will step down as the Asia-Pacific regional president later this year.