Revenue and profitability in Greater China will remain under pressure in the short term.
RIMOWA has officially opened its first flagship store on the Chinese Mainland at Jing’an Kerry Centre in Shanghai.
The most significant shift in the brand’s identity since its founding in 1949.
As one of Sisley’s top three markets globally, the Chinese Mainland is a market that Philippe d’Ornano visits annually.
Revenue in the Chinese market increased by 40% for the full fiscal year 2026, with a significant surge of 51% in the fourth quarter.
Incense sticks are evolving into an important medium for daily rituals and emotional healing in modern urban life.
Growth across sub-regions and channels in the Asia-Pacific market was well balanced, with Greater China significantly outperforming the regional average.
For the full fiscal year, sales in Greater China increased by 4%. In the second half, sales rose by 8%, offsetting the decline in the first half, while the fourth quarter recorded a 10% increase supported by domestic consumption.
Is the fragrance industry cyclically peaking, or is it undergoing structural growing pains amid transformation and upgrading?
At Gucci, the level of collaboration between headquarters and regional teams has become more important than ever.