After the financial report was released, as of the close on February 8, Ralph Lauren’s stock price surged by 16.77% to a near 9-year high of $171.82 per share.

Although the travel expenditures of mainland Chinese tourists continue to rise, they remain below the pre-pandemic levels.

During the second quarter’s golden period, the Asian market also performed well.

In the first quarter, adjusted diluted earnings per share increased by 18% year-on-year to $0.93, surpassing analysts’ expectations of $0.90.

The overall growth of the high-end beauty business in mainland China has slowed down, as evidenced by the current pre-sale stage data for the Double Eleven shopping festival.

Meanwhile, in Q1, UGG® brand net sales decreased 6.0% from $207.9 million to $195.5 million.

As a result of the Chapter 11 bankruptcy protection process, SSB successfully reduced its financed debt from approximately $1.9 billion to around $315 million.

In Mario Dedivanovic’s 20th year as a makeup artist, he established his own beauty brand called Makeup by Mario.

SOS sets up vending machines in high-traffic areas to provide consumers with timely access to personal care and health products.

This investment also marks BVG’s first foray into the fashion industry since the launch of its fashion and apparel vertical business last year in collaboration with industry veteran Gary Wassner.