Management said sales of the Tom Ford spring 2024 collection were off to a promising start.
spring 2024 collection was well received, during a conference call with analysts on Tuesday to comment on the quarterly results.also said he had returned several times to China in recent months and cited a rebound in sales across the board in the first nine months of the year within Greater China and a rise in purchases made by Chinese in other Asian destination cities like Tokyo.“I think we can be positive for the rest of the year and the coming year 2024,” he said.
The latter was a forecast first made in May last year during the group’s first Capital Markets Day and it excludes theFashion segment, as the investor day was held before The Estée Lauder Companies Inc. acquired the American designer’s company in November in a deal valued at $2.8 billion. During the call, the company said it was pleased with the performance of its brands worldwide. Sales in Europe, the Middle East and Africa fueled growth organically, rising 18.5 percent, while North America rose 12.3 percent, and Latin America was 9 percent higher. The Asia Pacific region rose 5.4 percent, driven in large part by Japan, which rocketed 30.9 percent boosted by a revival of tourism spending. The Greater China area trailed, rising just 3.