The increase in Proya’s average selling price has driven the gross profit margin to achieve a historic high.

Hermès is often regarded as a “luxury trendsetter,” and the information shared by its executives holds significant reference value for understanding the ever-evolving luxury industry.

The strong growth of 28.0% in the Chinese market is driving overall growth in the Asia-Pacific region, which has seen a 9.2% increase.

These three companies were co-founded by Salvatore Ferragamo and Chinese-Hong Kong entrepreneur Peter K.C. Woo.

Duplaix also acknowledged that the performance of the Chinese market has not actually reached the levels predicted earlier this year.

In the third quarter, Moncler’s brand revenue in the Asian market increased by 22% YoY at fixed exchange rates, demonstrating the best performance among all markets.

“We are not seeing the same incidence of Chinese out of Greater China as other brands. Most of our Chinese spending occurs structurally occurs within the domestic market.”

Li-Ning’s latest performance fell short of expectations, causing the stock price to drop by over 20%.

Anping Bridge was built during the Southern Song Dynasty and stands as the longest existing ancient sea-crossing stone bridge in China. It also held the distinction of being the world’s longest sea-crossing stone bridge during the medieval period. The bridge played a vital role in connecting the Maritime Silk Road, making it a crucial part of history. It is included in the first batch of national key cultural relics protection units and listed in the World Cultural Heritage List.

According to data compiled by Luxe.CO Tong, from January 2022 to September 2023, a total of 23 luxury brands have opened 26 stores in Hong Kong.