“We are not expanding for the sake of expansion, nor are we seeking short-term gains, but rather we are focused on truly building the brand for the next five, ten, or fifteen years.”

The prominence of high-end travel retail in the global fashion and luxury landscape continues to rise.

At the LVMH pavilion, Hennessy showcased its initiatives and strategies from multiple dimensions—including products, craftsmanship, artist collaborations, and sustainability—highlighting the brand’s efforts globally, with a particular focus on China.

At constant exchange rates, sales in the Asia-Pacific region contracted by 18%. Although certain markets, including South Korea and Malaysia, experienced growth, combined sales in the Chinese Mainland, Hong Kong, and Macau declined by 27%.

Gildo Zegna stated, “Our uber-luxury and bespoke services are growing.”

Matthew Friend stated that Nike remains the number one sports brand in China.

Angela Dong will also serve as the Global CEO of Nike’s outdoor sub-brand ACG.

Goldwin opens Its third store in China at Jing’an Kerry Centre, Shanghai

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.