“We need to show more resilience, we need more engines, and one of them is certainly China, as we see the rise of the middle class. The primary goal is to establish visibility and credibility in the Chinese market.”

As part of the transformation plan, Canada Goose also announced a redesign of its global company workforce, reducing about 17% of positions.

Antonio Belloni will step down as CEO and Chairman of the Executive Committee of LVMH Group, to be succeeded by Stéphane Bianchi, current CEO of the Watches and Jewelry division.

One thing is clear: On is not a luxury fashion brand, but a high-end athletic brand.

Allbirds co-founder Joey Zwillinger will retain his position on the board and serve as a special advisor to the company.

There’s been a couple of shifts. Read more to find out!

“The growth rate of the prestige fragrance market indeed exceeds that of the high-end fragrance market. Luxury brands are doubling down on this category.”

In her new position, Liliana Lucioni will be responsible for COACH’s long-term strategic and business growth plans in China.

In the Chinese market, the Coach brand currently occupies a unique niche that is distinct from traditional European luxury brands, and this gap is unprecedentedly large.

Axel Dumas, who has led Hermès for ten years, rarely shares his latest views on the entire luxury industry and the Chinese market, and provides a detailed analysis of the company’s long-standing development strategy.