“The company’s fixed costs are too high, to the point that there is no capacity to carry out marketing efforts like those of the LVMH group.”
Under the successful promotion of its dermatological cosmetic brands Avène, Klorane, and professional hair care brand René Furterer, Pierre Fabre China has become the group’s leading international subsidiary in the field of skincare cosmetics.
According to official documents submitted by both parties to the French government, the value of this transaction is 16.32 million euros.
Currently, HBA’s products are distributed in over 60 countries, with exports accounting for over 95% of its sales. The majority of its products are manufactured in Southeast Asia, the Middle East, and Europe.
Through this partnership, LVMH Group aims to help as many people as possible understand the challenges of biodiversity.
In May and June of this year, talm plans to open a pop-up store. The brand also emphasizes that e-commerce is a core channel for its expansion, as 50% of its revenue in Europe and the United States comes from online sales.
L’Ambroisie, which holds three Michelin stars, has an annual turnover of approximately 11 million euros.
Global luxury goods giant Kering has relocated its new headquarters in Italy to Milan, affirming Italy’s expertise and knowledge in the fashion industry.
“We’re going to stay a private, independent company. Rumors always float around, but you can put those to rest.”
The brand will open its first pop-up store in China at the end of June in Shanghai, followed by the official opening of a boutique on Nanjing West Road.
