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Q2 FY26 Results: LuxExperience Group reports Net Sales growth of +5.7% ex-FX and return to Adjusted EBITDA profitability, fully confirming the transformation plan targets
Businesswire· 2026-02-10 11:00
MUNICH--(BUSINESS WIRE)--LuxExperience B.V. (NYSE:LUXE) (the "Company†), today announced its financial results for its second quarter of fiscal year 2026 ended December 31, 2025. The leading luxury multi-brand digital platform reported overall growth and return to profitability on adjusted EBITDA level in the second quarter with clear improvement across all three segments. The results in Q2 FY26 confirm that LuxExperience is fully on track with its transformation plan targeting medium-term €4bn Net Sales ...
Luxury Jeweler, Chow Sang Sang, Selects Nuvei to Power Online Payments and Accelerate Global Expansion
Prnewswire· 2025-08-06 12:30
Core Insights - Nuvei has partnered with Chow Sang Sang Holdings International Limited to enhance its global payment capabilities as the jeweler expands into North America [1][3] - The partnership aims to support Chow Sang Sang's digital payments transformation and omnichannel strategy, providing seamless and localized payment experiences [3][4] - The global online jewelry market is projected to grow significantly, with sales expected to rise from $105.6 billion in 2024 to $166 billion by 2029, reflecting a 16% CAGR [3] Company Developments - Nuvei has obtained a Money Services Operator (MSO) license in Hong Kong, allowing it to offer local acquiring and settlement services [2] - The company is expanding its presence in the APAC region, including Greater China, Japan, Singapore, and Australia [2] - Nuvei's technology supports over 200 markets, with local acquiring in 50 markets, 150 currencies, and 720 alternative payment methods [6] Market Trends - The U.S. e-commerce jewelry sales are projected to increase from $22.5 billion to $37.9 billion from 2024 to 2029, more than tripling since 2017 [3] - Luxury brands are increasingly seeking sophisticated payment partners to enhance their global e-commerce capabilities [4] - Chow Sang Sang operates over 900 stores across Mainland China, Hong Kong, Macau, and Taiwan, offering a diverse portfolio of brands [4][5]