Estée Lauder lowered its annual organic sales estimate on persistent softness in Mainland China’s prestige beauty space, even as a demand rebound in the US …
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China
Hermes Defies Luxury Slowdown With Sales Jump in China
Sales at constant exchange rates jumped 17% to €3.8 billion ($4.1 billion) in the first quarter, Hermes International SCA said Thursday. This was more than …
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Italian fashion group Moncler posted on Wednesday a 16 percent increase in first quarter sales at constant exchange rates, boosted by solid demand in China, a …
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and …
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong …
Swiss Watch Exports Slump on Lower Shipments to China, Hong Kong
Monthly Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for …
How Beauty Can Navigate a China Rebound
For international beauty conglomerates, the dream of guaranteed growth in China gave way to a sobering reality in 2023. Recent earnings reports show that no …
How Fenty Beauty Is Selling Cruelty-Free Products to China
Shanghai, CHINA — After months of ‘will they, won’t they’ speculation surrounding Fenty Beauty’s potential entry into the Chinese market, Rihanna‘s hit beauty brand officially …
US Senator Urges SEC to Block Shein IPO Unless China Operating Risk Disclosed
Republican Senator Marco Rubio asked the US Securities and Exchange Commission to block Sheinâs bid to list publicly in New York unless the e-tailer makes …
China Online Beauty Sales Surge in January
Online beauty sales in China last month surged by 58 percent year over year, according to Bernstein, providing a counterpoint to a stream of sobering …
Ralph Lauren Rides Strong Holiday Demand, China Rebound to Post Upbeat Results
Ralph Lauren beat profit expectations for the 14th straight quarter, driven by robust holiday demand for its pricey cashmere sweaters, coats and cocktail dresses in …
Tapestry Forecasts Higher 2024 Profit on China Demand, Strong Margins
Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and satchels as well as early signs …
Canada Goose Rides on China Luxury Recovery to Forecast Strong Quarter
Canada Goose Holdings forecast fourth-quarter revenue above analysts’ estimates on Thursday, as the luxury goods maker bets on a sharp rebound in crucial market China …
Amer Sports Discounts IPO as Investors Fret About Its Reliance on China
Amer Sports raised $1.37 billion in a discounted U.S. initial public offering (IPO) on Wednesday, after investors expressed concerns about its growing reliance on China …
Amer Sports’ China Reliance Weighs on 2024’s First Big IPO
Amer Sports’ growing reliance on China for its revenue is weighing on the appetite of those considering buying into the sporting equipment maker’s $1.8 billion …
Bringing Made in Italy to China
SHANGHAI, China — With over 26,000 attendees across four days, 600 exhibiting brands and a proven track record for discovering emerging talent such as Uma …
Luxury’s Rebound Is Proving Elusive as China Gloom Adds to Warnings
Luxury stock investors are facing the risk of more bad news as the likes of Burberry Group Plc and Hugo Boss AG fell short of …
China Launches Data Review Into Shein Ahead of US IPO, WSJ Says
China’s top cybersecurity watchdog is probing how Shein handles data as the fast-fashion company is seeking Beijing’s approval for its initial public offering in the …
How to Win in China: McKinsey’s Kevin Sneader
OXFORDSHIRE, United Kingdom — China may be on the cusp of surpassing the US as the world’s biggest luxury market but treating the country as …
L’Oréal Confident on China Despite Tensions Over Trade Secrets
L’Oréal SA remains confident on the potential of the Chinese market despite tensions over the level of ingredient disclosure the country is requesting from cosmetics …