From January 1, 2024, to January 15, 2024, the 【Luxe.CO Biweekly Ranking】recorded 55 brand activities of 37 luxury brands in the Chinese market

In the last fiscal quarter, sales contributed by Chinese consumers (both domestically and overseas) increased by 42% year-over-year.

Rolls-Royce stated that in 2023, the order value and quantity of bespoke commissions reached record levels.

Benefiting from a 25% year-over-year increase in sales in Mainland China, Hong Kong, and Macau, the Asia-Pacific market recorded a 13% growth in sales.

Jonathan Cheung has 30 years of senior experience in creative and business leadership.

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.