In Laurent BOILLOT’s understanding, “culture” is not only the foremost pillar of luxury goods but also the source of long-term opportunities for luxury brands.
Today, Canada Goose has the largest network of direct-operated stores globally in China, with nearly 30 stores.
Overall, the Chinese market, Jewelry Division, and both retail and online retail collectively contributed 74% to the group’s sales revenue.
For the recently reopened Sephora flagship store in Paris, the CEO of Sephora anticipates that during the Olympic Games, the foot traffic is expected to reach 15,000 people.
The overall growth of the high-end beauty business in mainland China has slowed down, as evidenced by the current pre-sale stage data for the Double Eleven shopping festival.
Since the pandemic restrictions were lifted in Greater China last year, development activities have steadily improved, and this quarter has witnessed the highest number of newly signed projects since 2021.
Based on data from Luxe.CO Tong, Luxe.CO Intelligence has exclusively created four charts to provide insights into the significant trends of luxury brands in Hangzhou over the past year.
The team at Luxeplace.com is on-site at the third Watches & Wonders Shanghai Fine Watch Exhibition to bring you the latest updates on participating brands and unique insights into the high-end watch consumption market in China.
“Breakthrough” is not only a key word in Maggie Chan’s personal career but also a core theme for Sephora under her leadership in China.
Over the past two years, Baozun has remained Hunter’s e-commerce partner in China, effectively aiding in driving online business growth and sustained profitability.