BYD Projects Significant Profit Growth, Moose Knuckles Appoints APAC CEO and Casetify Unveils New Collaboration

BYD Projects Significant Profit Growth in Q1 2025 with Record Sales

BYD has forecast a net profit of 8.5 to 10 billion yuan for Q1 2025, marking a year-on-year increase of 86.04 percent to 118.88 percent. This growth is attributed to strong performance in the electric vehicle sector, with the company setting new records for both domestic and international sales. In March, BYD sold 377,420 vehicles, with 371,419 units being passenger cars, reflecting a 23.1 percent increase. The company also reported a 59.81 percent year-on-year growth in Q1 sales, surpassing 1 million units. Additionally, BYD holds a 33.2 percent market share in China’s electric vehicle sector in 2024.

Kering Beauty Appoints Nathalie Berger-Duquene as CEO of Creed

Kering Beauty has appointed Nathalie Berger-Duquene as CEO of Creed, the luxury fragrance brand it acquired in 2023. Berger-Duquene, who has over 25 years of experience in the beauty industry, will assume her new role on May 6, succeeding Sarah Rotheram. Previously, Berger-Duquene held senior positions at Estée Lauder, L’Oréal, and LVMH, overseeing brands like Tom Ford Beauty and Lancôme. At Kering Beauty, she will report to Raffaella Cornaggia and will be based in London.

Avene Names Table Tennis Champion Fan Zhendong as New Brand Ambassador

French skincare brand Avene announced table tennis Olympic champion Fan Zhendong as its new brand ambassador. Inspired by Fan’s dedication and relentless spirit on the court, Avene aims to promote skin resilience through professional care, aligning with the athlete’s determination. On the day of the announcement, Avene launched a campaign across key CBD screens in Shanghai, Guangzhou, and Changsha, marking the beginning of their collaboration. In recent years, many skincare brands have turned to Olympic table tennis champions as ambassadors, capitalizing on their strong public image and growing fanbase.

China Duty Free Group Reports Decline in Revenue and Profit in 2024

China Duty Free Group (CDFG) reported a 16.3 percent decline in revenue to RMB 56.47 billion in 2024, with a 36.44 percent drop in net profit to RMB 4.27 billion. The decrease was attributed to market conditions and industry cycles. Despite a decrease in sales, CDFG’s market share in Hainan’s duty-free sector grew by nearly 2 percentage points. For 2025, the company plans to expand its operations in Hainan, improve domestic store networks, grow international business, and promote online sales development.

Casetify and Takashi Murakami Launch New Collaboration Featuring MR. DOB

Lifestyle brand Casetify has teamed up with contemporary artist Takashi Murakami for a new collection, “Takashi Murakami × Casetify: MR. DOB.” The collection introduces the iconic MR. DOB character into Casetify’s electronic accessories, marking the first artist collaboration under the Casetify TRAVEL line. A standout product is the MR. DOB 21-inch hard-shell carry-on luggage, designed for durability. Following its successful debut in the U.S. and South Korea in December 2024, the collection will be released in limited quantities in mainland China, Hong Kong, Taiwan, South Korea, the U.S., and Japan. MR. DOB, created by Murakami in 1993, serves as a symbol of his artistic evolution and unique cultural perspective.

Shanghai Jahwa Launches China’s First AI-Powered Cosmetics Smart Factory

Shanghai Jahwa has officially launched its AI-driven smart factory in the Shangmei Technology Park, with an investment of RMB 300 million. This factory, which includes 12 automated production lines and a daily capacity of 2 million bottles, marks a milestone in China’s cosmetics industry by transitioning from traditional manufacturing to intelligent manufacturing. With AI, IoT, and cloud computing technologies, the factory achieves a fully automated, flexible production process with zero human intervention. This advancement promises higher efficiency and better quality control, reshaping the beauty production landscape in China.

Victoria’s Secret Appoints Adam Selman as Executive Creative Director in Leadership Reshuffle

Victoria’s Secret has appointed Adam Selman as executive creative director, effective April 14, alongside several key leadership changes. Selman, known for his work with Savage X Fenty and high-profile clients like Beyoncé and Rihanna, will report directly to CEO Hillary Super. In addition, Anne Stephenson has been promoted to president of Victoria’s Secret, Ali Dillon will join as president of Pink, and Amy Kocourek was named president of beauty. These leadership shifts aim to drive growth and innovation across the company’s brands.

Moose Knuckles Appoints Maia Active Founder as CEO for Asia-Pacific

Moose Knuckles has appointed Wang Jiayin as CEO for the Asia-Pacific region, marking a new phase in the brand’s growth in the area. Wang, who co-founded the fashion brand Maia Active and led its successful expansion, brings extensive experience in the fashion industry and a deep understanding of the Asian retail market. Previously, she worked at Victoria’s Secret in New York and RedNote in China. Wang’s leadership is expected to strengthen the brand’s connection with the next generation of consumers while maintaining Moose Knuckles’ Canadian heritage.