Core Viewpoint - Miu Miu's recent advertisement featuring Kylie Jenner has sparked significant backlash on social media, raising concerns about the brand's choice of representation and alignment with its values [1][4][7]. Group 1: Advertisement and Public Reaction - The advertisement for Miu Miu's 2025 Autumn/Winter collection featuring Kylie Jenner has received a flood of negative comments, with critics questioning the suitability of Jenner as a representative of the brand [1][4]. - Miu Miu's official response highlighted that the choice of Jenner was part of a broader theme of female empowerment, aiming to showcase diverse expressions of femininity [5][9]. - Critics argue that Jenner's image conflicts with Miu Miu's brand identity, which is characterized by subtlety, rebellion, and intellectualism, contrasting with Jenner's representation of commercialism and social media culture [7][8]. Group 2: Miu Miu's Financial Performance - Miu Miu has been a significant growth driver for the Prada Group, with a reported 40% increase in revenue for the second quarter and a 49% increase in retail sales for the first half of the year, reaching €780 million [10][11]. - Despite the impressive growth, there are signs of a slowdown, with previous quarterly growth rates of 93%, 105%, 84%, and 60% declining to 40% [11][12]. - Analysts suggest that Miu Miu's growth may be influenced by a small base effect, and future growth should be viewed conservatively as the brand faces challenges in market penetration and product innovation [12]. Group 3: Market Position and Challenges - Miu Miu's growth is seen as part of a broader trend in the luxury sector, where many brands struggle to maintain consistent growth over time [12]. - The brand's future growth potential may be limited by its positioning within the Prada Group, as it competes with other luxury brands that have established pricing hierarchies [12]. - Experts note that Miu Miu's slowdown in growth is attributed to factors such as market saturation, challenges in product innovation, and increased competition from other luxury brands targeting younger consumers [12].

Financial Data and Key Metrics Changes - For H1 2025, the group revenues reached €928 million, down 3% year-on-year and 2% in organic terms, with a solid performance in the DTC channel showing 6% organic growth [20][21] - Q2 2025 revenues were €469 million, down 3% organically, with positive performance in the Zegna and Tom Ford segments, while Thom Browne experienced negative performance [21][22] Business Line Data and Key Metrics Changes - Zegna brand showed solid performance in Q2 with 2% organic growth, driven by the DTC channel, particularly in the Americas and EMEA regions [21][26] - Thom Browne reported a 24% decline in organic growth in Q2 due to the decision to streamline the wholesale channel [22] - Tom Ford Fashion achieved 4% organic growth in Q2, driven by the DTC channel [22][31] Market Data and Key Metrics Changes - The Americas region showed a 10% organic growth in Q2, driven by the DTC channel, with new store openings contributing to this growth [23][26] - Greater China reported a 17% decline in Q2, primarily due to the wholesale channel, while DTC performance remained stable [24][40] - EMEA recorded a 2% organic decline, reflecting negative trends in the wholesale channel, although DTC performance was positive [23] Company Strategy and Development Direction - The company aims to enhance its DTC channel, focusing on a client-first culture and evolving store concepts to provide immersive experiences [8][10] - The partnership with Temasek is expected to strengthen the company's profile and support the development of its brand portfolio [5][6] - The company is committed to innovation, quality, and a timeless proposition while maintaining a vigilant approach to costs and inventory [18] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenging environment in Greater China but expressed confidence in long-term strategies to adapt to the new normal [39][42] - The U.S. market remains resilient, with strong customer loyalty and conversion rates, particularly in key locations [54][56] - Management expects the trends observed in the first half of the year to continue into the second half, with specific regions like the Gulf and Americas performing well [82] Other Important Information - The company has opened new retail spaces, including exclusive lounges, to enhance customer engagement and provide personalized shopping experiences [12][26] - The company is focused on maintaining exclusivity in its product offerings by limiting distribution in the wholesale channel [29] Q&A Session Summary Question: Insights on Greater China revenue decline and Tom Browne's management priorities - Management noted that Greater China remains challenging, with traffic not meeting expectations, and emphasized the need for a more personalized service approach [38][40] - Regarding Tom Browne, the new CEO is expected to focus on enhancing brand awareness and customer experience [44] Question: Current consumer environment in the U.S. and wholesale trends - Management described the U.S. market as resilient, with strong traffic and conversion rates, and noted that the wholesale channel is expected to see continued streamlining [54][67] Question: Comments on margins and liquidity of shares - Management indicated that the wholesale business is profitable, but the current streamlining may impact margins in the short term [75][78] - There are no immediate plans for dual listing, and management remains confident in the liquidity of shares despite a slight decrease in free float [86][88]

路威酩轩考虑出售 旗下时尚品牌马克雅可布 据知情人士透露，法国奢侈品巨头路威酩轩集团(LVMH)正着手出售旗下时尚品牌马克雅可布(Marc Jacobs)，以应对需求下滑。两名知情人士表示，这家总部位于巴黎的企业集团已接洽了包括锐步 (Reebok)所有者Authentic Brands在内的潜在买家，讨论出售马克雅可布品牌的事宜。知情人士说，谈判 仍在进行中，不能确保会达成协议。商报记者吕文鹃整理 回应进入无人机市场 7月28日晚间，Insta360影石宣布进入无人机市场，将推出全球首款全景无人机。影石创始人刘靖康今日 发布朋友圈表示，公司做无人机的起因包括有大量的客户需求未被满足，有机会可以创造市场增量以及 该业务会驱动公司成长等。刘靖康还提到，进入无人机市场是五年前的决策。 7月29日，中国平安（601318）宣布，聘任王晓航出任集团首席技术官(CTO)兼平安科技总经理。王晓 航2016年加盟蚂蚁集团，历任蚂蚁集团副总裁、财富及保险事业群CTO等职务，负责领导数字金融和 AI创新。2015年曾出任百度首席架构师，推动打造百度钱包和金融业务。此前还曾在谷歌(美国)、彭博 集团等国际知名企业担任高级技术经理 ...

-投资动态- 梦龙拟向德国冰淇淋工厂投资数百万美元 日前，联合利华旗下的梦龙冰淇淋公司计划在德国黑森州Heppenheim的工厂投资数百万美元，以建立新生产线、冷库和能源基础设施。该厂生产其备受 欢迎的Langnese冰淇淋。 Heppenheim的梦龙冰淇淋生产线于2024年建立，每年产量超过20亿件，主要销往德国市场，以及部分欧洲国家。（品牌官方） 小编评： 于梦龙而言，这不仅是一次简单的产能扩张，而是新公司在高端化、可持续与供应链安全战上打响的"奠基之战"。 日前，澜沧古茶公告宣布拟以每股2.46港元配售2400万股H股，较7月25日收盘价折让16.61%，预计集资约5900万港元，用于补充营运资金。根据公告， 此次配售股份占扩大后总股本16%，净筹资金额约5804万港元。（观点网） 小编评： 近期港股市场频现折让配股案例，部分上市公司通过股权融资缓解现金流压力，澜沧古茶此举也可以进一步其巩固财务基础。 近日，ADM宣布已与日本知名食品企业朝日集团食品株式会社签署独家协议，负责推广和分销其专有乳酸菌类创新型后生元产品——格氏乳杆菌 CP2305。格氏乳杆菌CP2305为朝日集团所有，是其在多年对可尔必思 ...

Core Insights - The luxury goods sector is experiencing a mixed performance, with LVMH reporting a significant decline in revenue while Burberry shows signs of recovery [1][2][8] Financial Performance - LVMH's total revenue decreased by 4% to €39.81 billion, with net profit down 22% to €5.7 billion, primarily due to macroeconomic uncertainties and weak demand in Asia [2] - Moncler reported stable revenue of €1.2257 billion, but EBIT fell by 13% to €225 million, attributed to higher marketing expenses [7] - Burberry's retail sales dropped by 6% to £433 million, but the decline is less severe compared to a 21% drop last year, indicating potential recovery [8] Strategic Moves - LVMH is reportedly in talks to sell Marc Jacobs, with a potential valuation of $1 billion, indicating a strategic shift [4] - Estée Lauder appointed Aude Gandon as Chief Digital and Marketing Officer to lead digital transformation and marketing strategies [5][6] - Chanel acquired a 20% stake in the Italian leather factory Nuova Impala, reinforcing its commitment to high-quality manufacturing [9] Market Trends - The luxury market is facing challenges, with LVMH's fashion and leather goods segment seeing a 7% organic revenue decline [2] - The UK retail sector is advocating for a new VAT-free shopping scheme to attract high-spending tourists, which could generate £3.7 billion annually [14] Brand Initiatives - Tiffany & Co. launched the "Love For Our Oceans" project to support mangrove wetland conservation, enhancing its sustainability image [11][12] - Pronovias appointed Cristina Alba Ochoa as CEO, aiming for a more market-driven expansion strategy [10] Events and Industry Developments - The 2026 Spring/Summer New York Fashion Week is scheduled for September 11-16, featuring over 60 shows, reflecting a shift towards a more diverse presentation format [15]

Group 1 - LVMH is exploring the sale of its fashion brand Marc Jacobs [1] - The potential sale indicates a strategic shift within LVMH's portfolio [1] - Marc Jacobs has been a part of LVMH's brand lineup, but the company is considering divesting it [1] Group 2 - The decision to explore a sale may reflect broader trends in the luxury fashion industry [1] - LVMH's focus may be shifting towards brands that align more closely with its growth strategy [1] - The potential divestiture could impact Marc Jacobs' market positioning and future growth prospects [1]

Core Insights - The 2025 Service Trade Fair is expected to attract nearly 760 companies, with 47 companies planning to launch over 70 new products and innovations [1] - The fair serves as a significant platform for global companies to showcase digital technology and innovation, facilitating international cooperation and communication [5][8] - The event is seen as a key opportunity for businesses to engage with government entities and understand policy directions, particularly in sectors like healthcare and technology [5][7] Group 1 - The fair is anticipated to enhance international cooperation and provide a platform for companies to expand their networks and share development opportunities [6][9] - Companies like Alibaba and AstraZeneca view the fair as a vital venue for showcasing their innovations and engaging in meaningful dialogues with stakeholders [5][8] - The event is recognized as a benchmark for digital transformation in the service industry, promoting the integration of technology and services [7] Group 2 - Participants express a desire for the fair to facilitate greater international trade and cooperation, particularly for foreign enterprises entering the Chinese market [9][10] - Suggestions include hosting high-quality dialogues between government and enterprises, increasing the visibility of participating companies, and enhancing the overall impact of the fair [9] - The fair is expected to attract influential exhibitors and professionals from around the world, particularly those with significant impact and innovation in the service trade sector [10]

Core Insights - The article discusses the transformation of Sanlitun from a shopping destination to a lifestyle hub, where young people seek experiences that reflect their identities and aspirations [3][4]. New Openings - **y Spanish Table**: A Spanish restaurant with a large terrace, offering a relaxed dining experience. Average spending is 251 yuan, and it opened in April [6][11]. - **栋梁**: A high-end designer brand store that provides personalized shopping experiences. Average spending is 2000 yuan, and it reopened in May [13][19]. - **NORLHA**: A Tibetan brand specializing in yak wool products, with high price points reflecting quality craftsmanship. Prices start at 2900 yuan [20][24]. - **金子眼镜店**: A Japanese eyewear store featuring unique designs, with an average spending of 5000 yuan. It opened in June [28][34]. - **ZIMMERMANN**: An Australian brand known for its feminine dresses, with prices around 10000 yuan. It opened in January [35][39]. - **TOTEME**: A Swedish brand focusing on minimalist fashion, with an average spending of 2000 yuan. It opened in March [41][45]. - **VÍTOR CASTRO**: A dessert shop specializing in pistachio-based treats, with prices ranging from 11.8 to 88 yuan. It opened in May [50][54]. - **AMAM LONBAKERY TOWN**: A bakery known for its "little dog" bread, with an average spending of 48 yuan. It opened in June [56][58]. - **KNOTIFY**: An outdoor sports brand store that also organizes community events, with an average spending of 1000 yuan. It opened in April [60][63]. - **Elitebaker room**: A bakery focused on healthy, energy-boosting snacks for athletes, with a focus on low-sugar options. It opened in May [67][71]. - **Slack Off**: A jewelry store with a unique aesthetic, offering affordable accessories. It opened in June [75][79]. - **THE FUR**: A multi-functional space combining hairdressing, coffee, and dining, currently in soft opening [82][87]. - **归丛告别事务所**: A non-traditional farewell service space that aims to normalize discussions around death. It opened in June [88][92]. - **吨吨囤囤**: A craft beer bar where customers can pour their own drinks, with an average spending of 113 yuan. It opened in July [95][100].

Group 1 - The core viewpoint of the news is that the number of foreign-related intellectual property cases in Tongzhou District, Beijing, has been increasing, with 16 cases involving 40 individuals reported in 2023 alone [1] - Trademark infringement crimes are the most prevalent, accounting for 93% of the total foreign-related intellectual property cases, with 15 cases involving 36 individuals [1] - The cultural and tourism sectors are particularly affected, with notable cases involving counterfeit products related to Universal Studios, such as magic robes and wands [1] Group 2 - The Tongzhou District People's Procuratorate has established a specialized intellectual property prosecution office to protect the legal rights of both domestic and foreign business entities [2] - A bilingual guide for handling foreign-related intellectual property cases has been published, and a mechanism for early intervention in such cases has been established [2] - In a specific case involving 13 individuals counterfeiting the Harry Potter trademark, the prosecution successfully guided the police to gather additional evidence and recover over 1 million yuan [2]

Group 1: Fashion Industry Developments - The recent Paris Fashion Week highlighted the debut of new creative directors, particularly Michael Rider at Celine, whose Spring/Summer 2026 collection marked the brand's return to physical shows, featuring a reimagined "smiley bag" in new colors and sizes [3][4] - Glenn Martens, the new creative director at Maison Margiela, showcased a collection that incorporated his signature apocalyptic aesthetic, following a successful tenure by his predecessor John Galliano, who significantly increased the brand's revenue from €100 million to approximately €500 million [3][4] - Gucci's new creative director Demna Gvasalia postponed his debut collection to March 2026, emphasizing the need for a clear vision for the brand's future rather than merely continuing past visual symbols [5][7] Group 2: Corporate Leadership Changes - LVMH appointed Michael Burke as Chairman and CEO for the Americas, effective immediately, as the luxury brand faces challenges in the North American market, with a reported 2% decline in sales year-on-year for Q1 2024 [8] - Burke's return is seen as a conservative strategy amidst complex international dynamics, balancing creative innovation with experienced leadership [8] Group 3: Real Estate and Asset Management - New World Development is reportedly considering the sale of its K11 shopping art center in Shanghai to optimize assets and recover funds, following high operational costs and low conversion rates since its opening in 2013 [9][10] - The sale involves the office portion of K11, while the retail section remains unaffected, indicating a strategic shift in the company's project structure and investment logic [9][10] Group 4: Luxury Brand Expansion - Louis Vuitton opened its first independent beauty store in Nanjing, marking a significant investment in its fragrance line since launching its perfume range in 2016 [11] - This move contrasts with other luxury brands like Chanel and Dior, which have established independent beauty stores in multiple cities, reflecting a growing interest in the second-tier market and the potential for high-margin fragrance products [11][13]