In 2023, 9% of the sales growth came from pricing adjustments, while 7% came from increased sales volume.
The core operating profit in the Chinese market amounted to 1 billion yen, marking a significant increase of 2.3 billion yen compared to the previous year, thanks to effective cost management strategies.
The brand hopes that in the coming years, sales in the Chinese market alone will account for over 10% of the total.
Most of our improvements in the Chinese market stem from streamlining our operations and aligning them more closely with local market demands. In fact, we haven’t actually expanded our distribution network.
The same-store sales in the Asia-Pacific region increased by 3% in the fiscal year 2024, but experienced a 17% decrease in the fourth quarter.
In late April, the Italian luxury group Ermenegildo Zeg […]
“If we move too fast, we will destroy the brand, destroy these stories. Trust me, there is still much room for growth ahead of us.”
ABG Group’s global annual retail revenue reached $29 billion.
L’Oréal Group held the “Riding the Waves of Civilization, Great Beauty Abounds—2023/2024 Annual Development Strategy Annual Communication Conference” in Shanghai.
Porsche plans to launch its largest-ever product release offensive in the company’s history in 2024.
