From September 1, 2023, to September 15, 2023, the Luxe.CO Biweekly Ranking compiled a total of 44 updates from 41 luxury brands in the Chinese market. These updates encompass marketing activities (14), store expansions/renovations (15), pop-up store launches (14), and online channel developments (1).
From August 1, 2023, to August 15, 2023, the Luxe.CO Biweekly Ranking has featured a total of 36 updates from 25 luxury brands in the Chinese market. These updates comprise 18 marketing developments, 9 store expansion updates, 7 announcements of pop-up stores, and 2 updates related to online expansion.
From July 16th to July 31st, 2023, Luxe.CO Biweekly Ranking featured a total of 43 updates from 26 luxury brands in the Chinese market. These updates included 9 marketing activities, 5 store expansion news, 24 announcements about opening pop-up stores, and 5 updates about Chinese celebrities endorsing the brands.
The Group’s Chief Financial Officer, Jean-Jacques Guiony, Financial Communications Director, Christopher Hollis, and Deputy Director of Investor Relations, Rodolphe Ozun, attended a conference call to interpret the performance for the first half of the year.
From July 1st to July 15th, 2023, the Luxe.CO Biweekly Ranking featured a total of 42 updates from 30 luxury brands in the Chinese market. These updates included 11 marketing highlights, 7 store expansion/renovation updates, 20 announcements of pop-up store openings, 1 update on online channel expansion, and 3 endorsements by Chinese celebrities.
According to the report, Chinese high-spending consumers exhibit a willingness to spend that is 50% higher than the global average.
For many investors, the luxury goods industry still holds appeal, but the sector is currently trading at historically high premiums compared to the overall market.
The Richemont analyst conference provided a wealth of valuable insights and disclosures.
The Chinese market saw a significant year-on-year increase of 29% to €88.6 million, accounting for 32.8% of Tod’s Group’s total revenue, making it the largest market for the group.
Jean-Jacques Guiony said that fashion leather dividend should benefit from a strong push from Mainland China in 2023.