In the Chinese Mainland market, the momentum is particularly strong for high-end skincare products, especially Helena Rubinstein, and licensed luxury brands such as Yves Saint Laurent, Maison Margiela, Prada, and Valentino.
The Chief Financial Officer of LVMH Group stated that it is encouraging that the number of Chinese customers globally has increased by 10% year-on-year.
In 2017, Atelier Cologne made its debut in the Chinese market, with its first store located at Xintiandi Plaza in Shanghai.
In 2023, Longchamp also renovated its online store. The brand’s online sales increased by 56% in 2023.
Valérie Messika, the founder and creative director of the brand, encapsulates Messika’s brand identity as “Diamond”, “Cool”, and “Modern”.
Marco Palmieri shared market insights from his recent trip to China and the strategies for deploying the three major brands in the Chinese market.
The center was established as a joint laboratory by Botanee Group in collaboration with the Skin Research Center of Saint Louis Hospital in France, marking the group’s first international research center.
The strong growth of 28.0% in the Chinese market is driving overall growth in the Asia-Pacific region, which has seen a 9.2% increase.
Hermès employs nearly 20,000 employees worldwide, with approximately one-fourth of them being leather craftsmen.
Maison Francis Kurkdjian’s CEO Marc Chaya in an exclusive interview with Luxeplace.com.