Looking ahead to the future, Brunello Cucinelli expresses a very optimistic outlook for the entire year of 2023. Revenue is expected to achieve a growth of 19%, with a healthy profit margin and highly appealing earnings growth.

During the period, the Greater China region exhibited robust growth of 13.9%. The group anticipates achieving the transformation of EBITDA from loss to profit as scheduled in 2024 after adjustments.

From August 2, 2023, to August 17, 2023, Luxe.CO Sports & Outdoor Brand List section of the magazine has compiled a total of 33 latest developments from 28 sports and outdoor brands/companies in the Chinese market.

Over the past two years, Baozun has remained Hunter’s e-commerce partner in China, effectively aiding in driving online business growth and sustained profitability.

This article will compare the latest developments of Stone Island and Patagonia in the Chinese market. It will delve into their developmental histories, innovative technologies, product structures, and pricing ranges, exploring how these two outdoor sports brands shape their unique differentiating advantages.

The 8th issue of the Luxe.CO Auto Brand Watch for 2023 has included 40 recent developments from 22 car brands/companies in the Chinese market, spanning the period from July 21st to August 20th. BYD has the most entries, followed by NIO, Lamborghini, and BMW tied for second, with Ferrari ranking third.

Starbucks China Innovation and Technology Center is set to commence operations this September.

Wangfujing’s duty-free business generated revenue of ¥136 million with a gross profit margin of 13.46%. Currently, it accounts for 2.05% of the total revenue.

In the first half of the year, Karl Lagerfeld China saw a growth of 36.7% in revenue, reaching 170 million yuan. The net profit turned from a loss to a gain, reaching 15 million yuan.

Maison Francis Kurkdjian’s CEO Marc Chaya in an exclusive interview with Luxeplace.com.