In 2022, Frette’s revenue reached 128 million euros.

Over the past two years, Baozun has remained Hunter’s e-commerce partner in China, effectively aiding in driving online business growth and sustained profitability.

Currently, the bálancing operates three existing stores: Fissler, Taikoo Hui Flagship Store, and Grand Gateway 66.

WWP Beauty’s production operations in China account for over 90% of its total workforce, including packaging and formulation experts.

According to reports, this transaction does not include the Pal Zileri brand, which is still fully controlled by the Qatari fund Mayhoola.

This transaction is part of Pernod Ricard’s proactive portfolio management strategy.

Currently, Morellato Group’s brands are present in over 40 countries, with a strong focus still centered in Europe. However, in the coming years, the company’s priority will shift towards the Middle East and further attention will be given to the United States and China.

According to speculation, the acquisition price for Pinarello is estimated to be around €200 million.

This acquisition will drive Kit and Ace towards a future marked by strengthening strategic plans, expanding market share, increasing brand activities, enhancing product supply, and augmenting resource investment.

The current state of the clean beauty concept is that while many consumers are indeed enticed by it, the high prices remain a barrier.