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

The provisional estimate of Hong Kong’s total retail sales value for June is HKD 29.9 billion.

Retail value in the Chinese Mainland declined by 18.6% year-on-year, accounting for 87.8% of the group’s retail value.

From Singapore to Hanoi, from Hong Kong to Kuala Lumpur, consumer spending patterns, tourist numbers, and market dynamics in major Asian cities have all undergone changes.

Compared to the same period in 2023, the provisional total retail sales value for the first five months of this year decreased by 6.1% year-on-year.

Shein may also seek a dual listing in Hong Kong and London.

Several existing luxury brand tenants at Landmark will also invest an additional approximately $600 million in the project to design and create new experiences.

Regina Miracle’s revenue decreased by 10.9% year-on-year to HK$7.02 billion in the last fiscal year.

In terms of individual markets, the Chinese Mainland is the second-largest market, achieving a strong growth of 19.3% at constant exchange rates, accounting for 12.9% of the group’s sales and becoming a key growth engine for the group.

Gold jewelry and products are increasingly popular among young consumers due to their value retention and defensive characteristics.