About us
LUXEPLACE

TAG: luxury

Prada Group’s Net Income for FY2022 Increases by 21.3% To 4.2 Billion Euros, Confident in China’s Outlook for This Year
Financial Summary

Prada Group’s Net Income for FY2022 Increases by 21.3% To 4.2 Billion Euros, Confident in China’s Outlook for This Year

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.

Mar 15, 2023
LV Goes Left, Gucci Goes Right: Who do the Next-Generation Luxury Brands Hire as Creative Directors?
Global News

LV Goes Left, Gucci Goes Right: Who do the Next-Generation Luxury Brands Hire as Creative Directors?

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

Feb 19, 2023
Hermes’ Sales Exceeded 10 Billion Euros Last Year! Asia (excluding Japan), led by China, Grew by 22%
Financial Summary

Hermes’ Sales Exceeded 10 Billion Euros Last Year! Asia (excluding Japan), led by China, Grew by 22%

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

Feb 18, 2023
Lanvin Group’s First Financial Report after Listing Exceeded Expectations: Revenue increased by 38% year-on-year to 425 Million Euros
Financial Summary

Lanvin Group’s First Financial Report after Listing Exceeded Expectations: Revenue increased by 38% year-on-year to 425 Million Euros

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

Feb 18, 2023
Global Pre-Owned Luxury Watch Market Exceeds $20 Billion, Favored by Gen Z and Millennials
Global News

Global Pre-Owned Luxury Watch Market Exceeds $20 Billion, Favored by Gen Z and Millennials

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.

Feb 07, 2023