In a more complex economic and geopolitical environment, the group expressed confidence in its outlook for 2025.

LVMH’s sales in the Asia-Pacific region, led by the Greater China market (excluding Japan), declined by 10% in the fourth quarter and 11% for the full year.

Gucci’s leather goods category is undergoing a comprehensive overhaul, while Bottega Veneta’s outstanding performance continues to be driven by the significant success of its leather goods collections.

L’Oréal Group’s sales for the first nine months of this year increased by 6% year-over-year to €32.4 billion, with an 8.1% growth at constant exchange rates and a 6% growth on a comparable basis.

In the first nine months of fiscal year 2024, LVMH’s sales revenue decreased by 2% year-on-year to €60.8 billion, remaining flat on an organic basis compared to the same period last year.

Next year, the group plans to open a new flagship store in Beijing.

Arles, Ningxia, and California in Sync: Moët Hennessy Hosts the Second World Living Soils Forum

In the past two weeks, Luxeplace.com observed that two Chinese beauty and fragrance brands have taken significant steps in their global expansion efforts.

By the end of this year, Notre-Dame de Paris will be fully restored and reopen to the public.

Boucheron needs an icon that both carries on the spirit of innovation and meets the aesthetic and practical needs of contemporary consumers.