The prominence of high-end travel retail in the global fashion and luxury landscape continues to rise.
Gildo Zegna stated, “Our uber-luxury and bespoke services are growing.”
“In an ever-changing market, what remains constant is our commitment to bringing the best collaborative collections to Chinese consumers.”
Following this acquisition, SYoung Group’s portfolio of luxury beauty brands has expanded to three.
Matthew Friend stated that Nike remains the number one sports brand in China.
In 2022, Chantecaille was acquired by Germany’s Beiersdorf Group, becoming part of the company’s luxury division alongside the Swiss brand La Prairie.
In the past two weeks, Luxeplace.com observed that two Chinese beauty and fragrance brands have taken significant steps in their global expansion efforts.
The global luxury market remains sluggish, with significant revenue impacts in the EMEA region and the Greater China region, while the Lanvin brand achieved a strong 9% growth in the Asia-Pacific region outside of Greater China.
In 2020, DVF shifted to a digital-first, China-centered wholesale strategy and signed a global business licensing agreement with Glamel, entrusting them with the responsibility for the brand’s production and sales.
Since the acquisition agreement was reached, Capri’s performance and stock price have remained sluggish, and the gap with Tapestry has gradually widened.