(ZhiXiao October 18, 2022) Lanvin's revenue rose 117% in the first half of the year. Lanvin Group's revenue in the first half of this year rose 73% year-on-year to 202 million euros, and its sales soared by 117% year-on-year to 64 million euros, becoming one of the fastest growing brands in the global luxury goods industry. By region, the revenue of the group's five major brands in Europe and North America recorded strong growth of 90% and 58% respectively, and also achieved a 32% growth in the Chinese market, which was temporarily plagued by the epidemic.
Urban Decay eyeshadow palette is charged with containing inhalable titanium dioxide . According to public information from Entorno Law, the American cosmetics brand Urban Decay was accused by Environmental Health Advocates of selling eyeshadow pallets containing inhalable titanium dioxide and still exposing customers to the known carcinogen when they have recognized the violation, which is an act of putting profits on the health and safety of customers first. Titanium dioxide is widely used in various cosmetics due to its low price and excellent concealment isolation effects. Products with higher risk of inhalation in nano-grade titanium dioxide may cause harm to the human body.
Weekly Dafu revenue rose 26% in the second quarter. According to the latest performance report released by Chow Tai Fook, the group's overall retail sales in the second quarter rose by 26% year-on-year, a significant rebound from the previous two quarters. By region, mainland China and Hong Kong achieved same-store growth of 3.4% and 21.2% respectively, while Macau recorded a 28.6% decline. By category, the same-store sales of jewelry inlay and gold products in mainland China fell by 10.5% and increased by 9.4% respectively, while the same-store sales of jewelry inlay and gold products in Hong Kong, Macao and other markets recorded growth of 5.6% and 10.5% respectively.
American consumers suffer from inflation and can spend a lot of money to dominate in shopping . According to data released by the U.S. Department of Commerce on the 14th, U.S. retail sales in September basically remained unchanged, with the August data rising by 0.4% month-on-month. As core price rises to its highest level in 40 years, American consumers spending on daily necessities surged, resulting in little other discretionary shopping amounts, which will be a blow to the luxury fashion industry that has been betting on the US market recently.
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