Antonio Belloni will step down as CEO and Chairman of the Executive Committee of LVMH Group, to be succeeded by Stéphane Bianchi, current CEO of the Watches and Jewelry division.
Brunello Cucinelli’s outlook suggests that the company’s full-year revenue for 2024 is expected to grow by approximately 10%, while maintaining a healthy and balanced profitability.
The Hang Lung Group was founded by Chan Tseng-hsi in 1960, and Ronnie C. Chan succeeded him as chairman in 1991.
“If men’s fashion intends to assert its influence at the beginning of 2024, then the 105th Pitti Uomo has sent a very positive signal.”
In the fourth quarter, the Greater China region achieved revenue of 176 million euros, representing a year-on-year growth of 35.0%.
As of December 31st, 2023, Ferragamo’s net sales for the fiscal year 2023 decreased by 11.1% year-on-year to 1.12 million euros (calculated at a fixed exchange rate: -8.4%).
Brunello Cucinelli anticipates a healthy growth of approximately 10% in revenue for the fiscal year 2024, along with a very commendable profit margin and profits.
Despite a double-digit decline (-24.4%) compared to the same period in 2022, China continues to hold its position as Italy’s largest supplier.
Zegna CEO Discusses Zegna China’s 360-Degree Transformation.
The Buccellati family is still 100% involved in all aspects of the brand today, which precisely constitutes the uniqueness of the brand in the field of high-end jewelry.
