The CEO stated that the Chinese market has significant growth potential in store expansion, digital business, and brand awareness.
The group is confident about the acquisition of Capri and is committed to actively addressing the lawsuit filed by the Federal Trade Commission, striving to complete the acquisition transaction by 2024.
Editions de Parfums Frédéric Malle Recently, Frédéric M […]
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.
