In the Chinese Mainland market, Q2 net sales declined by 3.9% at constant exchange rates, an improvement compared to the 21.1% decline in Q1.

Due to persistently low consumer confidence, revenue in Greater China was €266.3 million (accounting for 28% of the group’s total revenue), a 13.2% year-on-year decline, and an 11.7% decline on an organic basis.

Both brands under the group achieved strong growth in the DTC channels across all markets.

Lanvin Group CEO Eric Chan and Sergio Rossi Global CEO Helen Wright recently gave an exclusive interview to Luxeplace.com.

Millennial Chinese travelers (aged 30-44) have the strongest purchasing power, with an average expenditure of €3,590.

In 2023, Pop Mart’s business in Hong Kong, Macau, Taiwan, and overseas markets showed remarkable performance, with revenue reaching 1.066 billion yuan, a year-on-year increase of 134.9%. This segment accounted for 16.9% of the company’s total revenue, marking the first time this business has surpassed the 1 billion yuan milestone.

“we envisage for 2025 a healthy growth of around 10%.”

What is the spirit of Nordic design?

In the first two months of 2024, the Chinese Mainland became the fourth largest export market for Italian menswear, with a remarkable export growth of 62.9%.

Adidas has announced that former American professional female basketball player Candace Parker will assume the role of President of the Brand’s Women’s Basketball Business.