Group 1: Hermès Performance - Hermès reported a sales revenue of €3.91 billion for Q2 2025, a year-on-year increase of 9% [1] - The company's half-year revenue reached €8.034 billion, up 8% year-on-year, with an operating profit margin of 41.4%, significantly above the industry average [1] - The growth rate has slowed compared to previous years, with leather goods and saddlery growing by 14.8%, while perfume and cosmetics, and watch segments declined by 7.2% and 5.5% respectively [1] Group 2: Procter & Gamble Leadership Change - Procter & Gamble announced Shailesh Jejurikar as the new CEO, effective January 1, 2026, making him the first Indian-American CEO in the company's history [2] - The company reported a sales figure of $84.284 billion for the fiscal year ending June 2025, a slight increase of 0.3% year-on-year, with net profit rising by 7% to $16.065 billion [2] - P&G is undergoing a global restructuring, planning to lay off 7,000 employees over the next two years to address cost pressures and an additional $1 billion in tariff expenses [2] Group 3: Canada Goose Performance - Canada Goose reported Q1 revenue of CAD 107.8 million, a year-on-year increase of 22.4%, with significant growth in the Chinese market, which saw an 18.7% increase [3] - The Asia-Pacific region's overall revenue grew by 26.6%, driven by strong performance in direct-to-consumer channels [3] - The brand's strategy focuses on appealing to younger consumers, with successful new product lines launched in China [3] Group 4: Jil Sander CEO Departure - Serge Brunschwig announced his departure from Jil Sander after only six months in the role, citing personal reasons [5] - Brunschwig, who previously held CEO positions at Fendi and other luxury brands, indicated that the brand is ready for its next phase [5] - Jil Sander, known for its minimalist style, will revert to management under OTB Group following Brunschwig's exit [5]

文 | 《贵圈》闫妍 最近，卡戴珊家族成员Kylie Jenner（凯莉·詹娜）出镜Miu Miu 2025秋冬系列广告大片，却让Miu Miu陷 入不小的舆论风波。 广告刚刚发布，全球社交媒体评论区便被差评淹没。不少网友质疑品牌选角不当："Miu Miu到底在想 什么？凯莉的气质和品牌调性完全不搭！""凯莉的网红效应无可忽视，但她真的适合做'Miu Miu'女孩 吗？""这几年品牌好不容易打好的翻身仗，不要因为贪婪而断送前程"…… 被问及为何选择Kylie Jenner拍摄广告大片，以及其是否将成为Miu Miu 代言人？Miu Miu官方客服表 示，"目前没有相关的更多信息，有关品牌代言人动态请参考官方新闻发布。" 对此，奢侈品专家、要客研究院院长周婷向《贵圈》栏目表示，"这次MiuMiu选择Kylie Jenner拍摄广告 大片带来的负面反应，主要源于价值观相悖，卡戴珊家族主张奢靡浪费，和奢侈品牌提倡的可持续发展 理念相悖，也不被主流文化认同。另外，其形象太负面，卡戴珊家族丑闻不断，一直颇受诟病，这些严 重影响了MiuMiu的品牌形象。" "金小妹"出镜遭大量负面评价 卡戴珊家族成员Kylie Jenn ...

Group 1 - The company's net revenue for the first half of the year is €2.74 billion, slightly below the forecast of €2.78 billion [1] - The gross margin for the first half is 80.1%, an increase from 79.8% in the same period last year, and above the forecast of 79.7% [2] - The adjusted EBITDA for the first half is €619 million, representing a year-on-year growth of 7.7% [2] Group 2 - The company's net profit for the first half is €386 million, a year-on-year increase of 0.8%, but below the forecast of €409.7 million [3] - Capital expenditures for the first half amount to €247 million, showing a significant year-on-year increase of 46% [3]

Group 1 - The company, Louis Vuitton, has reported a system breach that resulted in the leakage of certain customer data [1]

Core Points - Louis Vuitton's South Korean subsidiary reported a data breach due to unauthorized access by a third party [1] - The breach resulted in the leakage of some customer information, although it did not include passwords or financial data such as credit card or bank account information [1]

Core Insights - The new concept landmark "Louis Number" by the French luxury brand has attracted significant attention in the bustling Nanjing West Road business district of Shanghai [1][2] - The design of "Louis Number" is inspired by the brand's history of creating hard cases for transoceanic journeys in the 19th century, highlighting Shanghai's port culture and its status as an international shipping trade center [2][5] - The exhibition "Extraordinary Journey" within "Louis Number" connects history and future, showcasing the brand's craftsmanship and cultural significance [2][5] Company and Industry Summary - "Louis Number" features a total exhibition area of 1,200 square meters, spanning two levels, focusing on themes of travel, craftsmanship, fashion, and innovation [2] - The project reflects a successful collaboration between the Jing'an District and international brands, enhancing the district's appeal for foreign investment and boosting consumer spending [5][6] - The Nanjing West Road business district hosts over 2,000 domestic and international brands, with international brands accounting for more than 70% of the total [5] - The district has organized nearly 100 commercial events this year, generating a consumption of 11.9 billion yuan [5] - The rapid realization of the "Louis Number" project, completed in about three months, exemplifies Jing'an's commitment to creating a world-class business environment [6]

Group 1: Film Industry - The film "Ne Zha" (also known as "Ne Zha 2") has achieved a total box office of 15.445 billion yuan and 324 million viewers, breaking 113 records and earning 308 milestone achievements, marking it as a legendary film in history [1] Group 2: Financial Performance of Emperor Group - Emperor International reported a significant loss of 4.743 billion HKD for the fiscal year 2024/2025, an increase of 131.75% year-on-year, leading to a sharp decline in its stock prices [2] - The company faced overdue bank loans totaling 16.6 billion HKD, raising concerns about its ability to continue as a going concern, which contributed to the stock price drop of its subsidiaries [2] Group 3: Luxury Goods Market - Louis Vuitton's new concept "Louis Ship" has opened in Shanghai, attracting significant public interest, with all exhibition slots fully booked before July [3] - Despite a 3% year-on-year revenue decline reported by LVMH in Q1 2025, the exhibition aims to drive sales by incorporating retail space within the venue [3] Group 4: Market Activity of IFBH Limited - IFBH Limited, the parent company of IF Coconut Water, saw overwhelming demand during its IPO, with a subscription level exceeding 2600 times, and its stock price rose by 42.09% on the first trading day, reaching a market capitalization of 10.53 billion HKD [4] - The company aims to leverage the capital raised for brand development, market expansion, and innovation, which could lead to sustained growth if challenges are effectively managed [4]

Core Insights - Louis Vuitton's "Louis, The Boat" officially opened to the public in Shanghai, symbolizing the brand's deep integration with the city's culture and maritime history [1][10] - The architectural design of "Louis, The Boat" draws inspiration from Louis Vuitton's historical hard cases, representing the brand's love for travel and adventure [4][5] - The project aligns with Shanghai's ongoing urban renewal efforts, transforming the space into a cultural landmark that combines luxury retail with artistic and cultural experiences [8][9] Design and Cultural Significance - The building's design features a ship-like silhouette, incorporating classic Louis Vuitton elements and luxurious materials to create a unique atmosphere [5][6] - "Louis, The Boat" serves as a multi-dimensional cultural space, housing a brand store, a restaurant, and the "Visionary Journeys" exhibition, allowing visitors to explore the brand's values [4][7] - The "Visionary Journeys" exhibition showcases Louis Vuitton's history and craftsmanship through interactive experiences, emphasizing the brand's commitment to quality and innovation [7] Urban Renewal and Market Trends - The project exemplifies the trend of urban renewal in Shanghai, where old structures are repurposed to create vibrant cultural and commercial spaces [8][9] - "Louis, The Boat" represents a shift in commercial real estate from simple renovations to creating spaces that reflect cultural and historical significance [8][9] - The opening of "Louis, The Boat" is expected to transform Shanghai's commercial and cultural landscape, becoming a key destination for both consumers and culture enthusiasts [10][11]

Core Insights - The article discusses the resurgence of the "see now, buy now" model in luxury fashion, particularly through Gucci's upcoming collection under new creative director Demna, which aims to shorten product launch cycles and convert media buzz into sales [1][4] - The luxury industry is undergoing a transformation, with brands like Gucci and Burberry exploring new strategies to balance speed and exclusivity in response to changing consumer preferences [5][8] Group 1: Gucci's Strategy - Gucci plans to launch its new collection in September using the "see now, buy now" model, bypassing the traditional six-month product launch cycle [1] - The initiative is supported by Gucci's new CEO Stefano Cantino and Kering Group's Francesca Bellettini, reflecting a strong commitment to the brand's transformation amid Kering's €10.5 billion debt pressure [1] - Demna's appointment marks a shift from the previous creative direction, aiming to inject a more commercially viable approach into Gucci's offerings [4] Group 2: Burberry's Experience - Burberry was the first luxury brand to implement the "see now, buy now" model in 2016, allowing immediate consumer access to runway collections [2] - While initially successful, Burberry faced challenges such as increased pressure on design teams and a dilution of the brand's exclusivity, leading to a gradual retreat from the model [2][6] - The brand's experience serves as a cautionary tale for Gucci, highlighting the need for a balanced approach to speed and brand value [8] Group 3: Industry Trends - The luxury sector is collectively rethinking its strategies, with brands like Canada Goose and Coach adapting to market changes by enhancing product offerings and brand positioning [6] - The current market environment necessitates a focus on operational efficiency and consumer engagement, with brands needing to find a balance between rapid product launches and maintaining brand prestige [7][9] - The competition in luxury fashion is shifting from design aesthetics to operational speed and market responsiveness, emphasizing the importance of a cohesive brand strategy [8]

Core Viewpoint - Chanel reported a global revenue decline of 5.3% to $18.7 billion and a net profit drop of 28.2% to $3.4 billion, indicating challenges in certain markets despite being a key indicator in the luxury goods sector [1][2]. Market Performance - Sales in the Americas decreased by 4.3%, while the Asia-Pacific region saw a more significant decline of 9.3%. In contrast, the European market showed slight resilience with a 1.2% increase [1]. - China remains a vital market for Chanel, with 127 stores and plans to open an additional 15 stores, reflecting the brand's commitment to this region [1]. Business Segments - The ready-to-wear segment experienced a growth of 23% in 2023 and has maintained positive growth in 2024, raising questions about the impact of rising handbag prices on overall performance [1]. - Since 2019, Chanel has implemented a strategy of increasing handbag prices to enhance their investment value, with the price of the classic flap CF bag doubling from 38,100 RMB to 84,000 RMB in China [1]. Pricing Strategy - The recent performance decline raises questions about Chanel's pricing strategy, especially as competitors like Hermès have raised prices in response to U.S. tariff issues [2]. - Chanel's CFO indicated that the company is currently observing the unstable U.S. tariff situation before making any pricing decisions [2]. Expansion Plans - In 2024, Chanel plans record investments, focusing on acquiring high-end properties in Paris and New York, and expanding its store network in China and Japan, showcasing a more aggressive expansion strategy compared to cautious peers [2]. Creative Direction - Chanel appointed Matthieu Blazy as the new artistic director, marking a significant leadership change within the brand. His debut is scheduled for October, and there are speculations about potential entry into the menswear market, despite previous statements against it [2][3]. - The brand emphasizes the need for time to understand its essence under the new leadership, indicating a long-term vision rather than immediate results [3].