Including the Chinese market, the Asian region remains the largest market for LVMH Group, contributing 34% of its revenue, which represents an expansion compared to the same period last year.

Since going public, the company’s stock price has risen nearly 15%, with a current market value of approximately 17.6 billion euros.

The generational structure of jewelry consumers is changing, and creating high-end jewelry that is more suitable for young people is becoming an opportunity that cannot be ignored.

The Asia-Pacific region saw a 1.7% YoY decline due to COVID-19 control measures in China, but rebounded with growth in the second half of the year.

These vastly different talent strategies also reflect the different considerations of Louis Vuitton and Gucci regarding brand positioning and future development strategies.

The Asia-Pacific region is the largest market for Hermes, with sales of 6.657 billion euros in 2022, accounting for 57%.

Lanvin, the Group’s flagship brand, grew global revenue by 67%, with record 145% growth in its Wholesale business.

The Deloitte report predicts that in the future, more brands will expand their second-hand product sales channels and buy back rare and discontinued watches from third parties.