复盘品牌结构升级成果，广州K11在2025年上半年引入开云集团旗下顶奢品牌 Gucci、Balenciaga，并 落地 Brunello Cucinelli、BALMAIN、TOD'S、Christian Louboutin、Yohji Yamamoto等5家奢侈品首 店，同时引入34家高端品牌广州首店及39家特色品牌广州独家店，形成对广州重奢市场稀缺供给的有效 承接。品牌矩阵的持续完善，与高品质内容运营形成良性循环，为高端客群提供更稳定、可持续的消费 与生活方式选择。 SMG O 9 下版之 B FFP NO c 6 France 随着2025年上半年完成关键品牌调改升级，广州K11整体经营表现持续提升，高端消费与体验型消费的 叠加效应集中释放；品牌升级至今，高端会员人数同比上涨超过200%。在精细化会员运营与高品质内 容供给的协同下，持续释放城市核心商业能量。 品牌升级｜以艺术DNA重新定义"高奢"生活方式 基于对2024—2025年中国内地奢侈品市场变化的洞察，高端消费正从"规模扩张"转向"价值与审美驱 动"的关键转折期。广州K11由此重新定义对"重奢"的理解——高消费群体愈发看重与其审美、精神文 化需 ...

2025年末2026年初，战略分化与市场洗牌同步上演。 美国高端百货巨头Saks Global因债务危机濒临破产，首席执行官火线换将；英国品牌LK Bennett则六年 内第二次申请破产管理，凸显了多品牌集合店与中间价位品牌在当下市场中的脆弱性。 行业巨头正通过资本运作与战略聚焦强化控制力：LVMH收购法国权威杂志，持续构建其文化话语权壁 垒；Salvatore Ferragamo及Brunello Cucinelli两大意大利家族则分别通过收回中国区控制权、升级控股公 司架构，巩固家族治理并谋划长远未来；安德玛押注数字转型老将，自救长路漫漫。继加拿大鹅和日本 Mash集团后，贝恩资本又以3.44亿美元收购Andar母公司，继续布局消费赛道。 与此同时，中国市场中歌力思完成内部交棒，聚焦盈利提升；林清轩成功登陆港交所，标志着本土品牌 在高端化路径上取得关键突破；万象滨海购物村开业爆火，湾区"一小时生活圈"潜力待掘。 1.继加拿大鹅后，贝恩3.44亿美元收购Andar母公司 2026年1月2日，贝恩资本官宣以5000亿韩元（约3.44亿美元）收购韩国KOSDAQ上市公司EcoMarketing （韩国头部运动休 ...

Company - BYD has surpassed Tesla for the first time, becoming the world's top electric vehicle seller [2] - Tesla's annual electric vehicle sales have been overtaken by BYD [2] - Micron Technology has significantly improved its profitability, with its stock reaching an all-time high [2] - AQR's multi-strategy product Apex is projected to return 19.6% in 2025, continuing its recovery in a turbulent quantitative investment year [2] Industry - The luxury retailer Saks Global is expected to file for bankruptcy, with its CEO set to step down [3] - Berkshire Hathaway enters a new era post-Warren Buffett [3] - The electric vehicle market in Norway is projected to reach a 96% market share for pure electric vehicles by 2025, with Tesla experiencing a surge in local sales [2]

本文转自【海宁公安】； 近日 海宁警方接到陈女士报案 称在朋友圈买名牌包 被骗7888元 陈女士告诉民警 她在刷朋友圈的时候 看到有人在卖名牌包 她点开大图 看到包的皮质光泽依旧 整体成色也很新 她看中了一个LV和一个古驰 便主动联系对方表示要购买 经过一番沟通 对方表示愿意将 两个原价共8万元的包 以7888元的低价出售 但需要先付钱 陈女士扫描对方发来的二维码 支付了7888元 陈女士就发现自己被拉黑了 发现不对劲的陈女士 立即到马桥派出所报警求助 接报案后 海宁警方立即展开调查 发现嫌疑人为岳某某 她还在其他平台 没想到 钱才转过去没几分钟 案件正在进一步侦办中 民警提醒 网络交易需提高警惕，尤其是涉及奢侈品、电子产品等高价物品时，切勿轻信 "低价捡漏""熟人转让" 等说辞。交易应选择正规平台，一旦发现被骗，要及时保留聊天记录、转账凭证等证据，并第一时间报 警。 通讯员：严桑桑 范佳乐 以同样的方式骗取他人钱财 警方通过进一步调查 发现岳某某藏匿于贵州毕节某地 海宁警方立即组织警力 前往贵州将其抓获 目前，岳某某因涉嫌诈骗罪 被海宁警方依法采取刑事强制措施 ...

Group 1: Lin Qingxuan's IPO - Lin Qingxuan, a domestic skincare brand, has passed the listing hearing on the Hong Kong Stock Exchange, focusing on a "herbal + technology" concept [1] - The company expects revenue to reach 1.052 billion yuan in the first half of 2025, representing a year-on-year growth of approximately 98.5%, with a profit of 182 million yuan during the same period [1] - Lin Qingxuan currently operates over 500 stores nationwide, primarily located in shopping malls [1] Group 2: Film Industry Adjustment - The film sector continues to experience a downturn, with Bona Film Group facing consecutive trading halts and other companies like Beijing Culture and China Film also declining [2] - Bona Film announced on December 14 that its investment return ratio for "Avatar 3" is low, and the company remains in a loss position, leading to a lack of short-term performance boosts [2] - The rapid capital outflow indicates weak sentiment in the sector, suggesting a cautious approach towards companies lacking clear release schedules [2] Group 3: Kering Group's Real Estate Transaction - Kering Group has signed a joint venture agreement with private equity firm Ardian for a real estate project on Fifth Avenue in New York, with a total transaction value of 900 million USD [3] - Kering will receive a net gain of 587 million euros from this transaction, which aids in reducing leverage and allows the company to focus on its core luxury business [3] - The immediate cash inflow is beneficial for Kering's balance sheet, but the one-time real estate gain has limited contribution to core profits [3] Group 4: Louvre Museum Closure - The Louvre Museum in Paris was unexpectedly closed on December 15 due to employee strikes demanding better working conditions, disrupting visitor plans [4] - The museum's regular closure on Tuesdays means it will remain closed on December 16, with uncertainty about reopening on December 17 [4] - Prolonged strikes could negatively impact local tourism, affecting hotels, restaurants, and retail sales in the area, although the direct impact on the secondary market is limited [4]

Group 1 - Hong Kong's retail sales continue to exceed expectations, with October sales increasing by 6.9% year-on-year, marking the largest rise in 22 months, driven by a 9.5% increase in luxury goods sales, reaching a 21-month high [1] - Citigroup notes that the influx of visitors to Hong Kong, partly due to a 4% depreciation of the Hong Kong dollar against the Renminbi this year, is boosting retail sales, particularly in high-end consumer segments [1] - The strong performance in luxury goods sales positively impacts the stock prices of Wharf Real Estate (01997) and Hysan Development (00014), as Wharf's Harbour City accounts for 80% of its recurring profits, and 50% of Hysan's tenant mix is retail [1] Group 2 - Citigroup has launched a new long-short strategy, recommending to increase holdings in Wharf Real Estate while reducing holdings in Link REIT, due to differing retail sales and performance metrics [2] - In terms of ratings for Hong Kong rental stocks, Citigroup has assigned "buy" ratings to five companies, a neutral rating to one, and a sell rating to another, with target prices set for Hysan (00014) at HKD 17.35, Hang Lung Properties (00101) at HKD 10.1, Swire Properties (01972) at HKD 23.8, Wharf Real Estate (01997) at HKD 30.3, and Prosperity REIT (00778) at HKD 5.56, while Link REIT (00823) has a neutral rating with a target price of HKD 36.8 [2]

Core Viewpoint - Hong Kong's retail sales continue to outperform expectations, with a year-on-year increase of 6.9% in October, marking the largest growth in 22 months [1] Retail Performance - Luxury goods retail sales grew by 9.5% year-on-year, reaching a 21-month high [1] - The growth in October retail sales was primarily driven by electronics and luxury goods, while categories such as supermarkets, furniture, and fuel experienced declines [1] Investment Recommendations - The positive performance of luxury goods retail is expected to provide a positive driving force for the stock prices of Wharf Real Estate Investment and Hysan Development [1] - The company recommends an "add" rating for Wharf Real Estate Investment with a target price of HKD 30.3 [1] - Investors are advised to reduce holdings in Link REIT, with a "neutral" rating and a target price of HKD 36.8 [1] Market Outlook - The company anticipates that luxury-themed investments will outperform the market in the short term, especially with the upcoming holiday season in December and the Lunar New Year in February [1]

Core Insights - The luxury goods market in China is underestimating the importance of retail innovation, as exemplified by Burberry's recent initiatives at Shanghai Hongqiao Airport [2][3] - Burberry is implementing a new strategy called Burberry Forward, focusing on re-establishing its brand identity around timeless British luxury, particularly through its outerwear and scarf lines [3][7] - The brand's recent performance shows signs of recovery, particularly in the Chinese market, with a notable increase in Gen Z customers [14] Group 1: Retail Innovation - Burberry has introduced a temporary "scarf cart" at Shanghai Hongqiao Airport, a unique retail format aimed at capturing the attention of high foot traffic [2][3] - The airport is becoming a new retail battleground for luxury brands, with an expected global air passenger volume of 5.2 billion by 2025, making it essential for brands to increase touchpoints in these high-frequency destinations [2] - The scarf cart serves as a mobile brand entry point, allowing Burberry to engage consumers in a high-flow environment, enhancing the shopping experience [7][8] Group 2: Brand Strategy - Under the leadership of new CEO Joshua Schulman, Burberry is shifting its focus back to its core British identity, moving away from the previous aggressive high-end positioning that alienated its core consumer base [5][10] - The Burberry Forward strategy includes expanding product lines beyond trench coats to encompass a broader range of outerwear, while also refreshing scarf designs [7][10] - The brand is actively enhancing its retail visual merchandising, with a focus on seasonal displays and dedicated scarf areas in stores [7][12] Group 3: Market Performance - Burberry's revenue fell by 5% to £1.032 billion in the last six months, but there was a 2% growth in the second quarter, indicating a potential turnaround [12][13] - The Chinese market showed a 3% growth in the second quarter, with a significant increase in Gen Z customers by 18%, attributed to effective social media engagement [14] - Despite mixed opinions from analysts regarding Burberry's recovery path, the stock price has risen by 23% this year, reflecting some investor confidence [14][15]

迪生创建(00113.HK)发布截至2025年9月30日止六个月的中期业绩，收入9.73亿港元，同比增长1.2%;应 拨归于公司权益股东的溢利1.5亿港元，同比增长14.02%;基本每股盈利38.9港仙。中期股息每股0.1港 元。 本文源自：金融界AI电报 ...

格隆汇11月27日丨迪生创建(00113.HK)公布中期业绩，截至2025年9月30日止六个月，公司收益为9.73 亿港元，同比增长1.20%；公司股东应占期内盈利为1.50亿港元，同比增长14.02%；基本每股盈利为 38.9港仙，拟派中期息每股0.1港元。为庆祝集团成立四十五周年及感谢股东长期的支持，董事局亦议决 派发特别股息每股0.2港元。 于回顾期间内，香港的消费者信心继续疲弱，而各收入阶层之本地消费者经常性前往中国内地城市旅 游。这些城市能提供超值购物体验，以及「即买即退」退税优惠，而购物亦不再是入境中国游客的优先 考虑因素。此外，由於亚洲及欧洲其他市场货币疲弱及退税优惠，故能提供更低廉之商品价格，令本地 零售市场持续面对该等市场的竞争。因此，集团于截至2025年9月30日止期间在香港录得之销售营业额 下降了约百分之一点三。 迪生创建(00113.HK)中期纯利增长14.02%至1.50亿港元 拟每股派0.3港元 迪生创建(00113.HK)拟11月27 日举行董事会会议审批中期业绩 相关事件 在台湾，自美国宣布「解放日」关税政策以来，市场情况持续恶化，令当地消费者信心疲弱，及导致汇 率剧烈波动。消 ...