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“The more brands there are, the greater people’s appetite becomes, and at some point that appetite will be valuable for Hermès.”
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The report includes a total of 277 brand activities from 40 luxury jewellery and watch brands in the Chinese market, marking the fourth consecutive year that the annual Luxury Jewellery & Watch Brands in China Power Ranking has been released.
In fiscal year 2024, Caruso recorded revenue of EUR 37 million, down 7% year-on-year.
In Greater China, we currently expect to achieve year-on-year growth of more than 25% for the full year.
With trail running as its entry point, the brand is positioned in the new-generation professional outdoor sports market.
The Chief Executive Officer emphasised, “We have achieved market share gains across all four major categories in the Chinese Mainland market for four consecutive quarters.”