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There's more to China's luxury spending slump than its struggling economy
Demand for luxury goods is slowing in China, and tough economic conditions aren't only to blame for this.
LVMH stock falls on slumping luxury sales in China
LVMH shares, listed on the Euronext Paris stock exchange, fell 4% on Wednesday having lost 19% of their value in the year-to-date. The French conglomerate’s warning comes as an
LVMH sales fall 3% as China demand for luxury goods worsens
French luxury giant LVMH reported a 3% fall in third-quarter sales on Tuesday, undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened,
LVMH Sales Drop as Chinese Demand for Costly Handbags Cools
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
Bernard Arnault’s luxury fashion group LVMH on Wednesday led its rivals’ shares downward after it reported disappointing sales on weak China demand. LVMH’s fashion and leather goods unit – including iconic brands like Louis Vuitton and Dior – posted a 5% decline in sales,
19h
LVMH Revenue Falls, Sparking Fears Of A Luxury Market Recession
LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn ...
2d
North Korea Imports $50 Million in Luxury Goods in Kim Gift Splurge
Imports of watches from China saw a 64 percent year-on-year increase, suggesting North Korea's leader is stepping up rewards ...
2d
on MSN
Brunello Cucinelli Revenue Growth Beats Market Views Despite Luxury-Sector Slowdown
The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across ...
8d
Luxury goods unlikely to be next target of China's EU trade retaliation, analysts say
European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing's next targets ...
3d
Luxury giant LVMH experiences unprecedented drop in sales
Faced with a depressed luxury goods market, the sector's global leader has published a fall in revenue for the first time ...
Islands.com on MSN
3d
Can You Really Save Money On Luxury Items By Shopping At Airports?
Airports are famous for having duty-free shops, but can people truly save money on luxury items there? Here's what travelers ...
The Art Newspaper
8d
What if luxury is art sellers’ salvation, and not their sin
They have made a killing using art, but the artists have not done that well with
luxury
goods
,” Taplin adds. Compare Louis Vuitton’s lucrative 12-years-and-counting collaboration with Yayoi ...
3d
on MSN
Luxury’s Last Growth Engine Has Stalled
But the main reason for the slowdown is that Chinese shoppers have pulled back. China has been a huge growth story for luxury ...
OCCRP
1d
Belarussian Businessman Dodges Luxury Goods Embargo on Russia
Belarussian Alexander Zaitsev, nicknamed President Aleksandr Lukashenko’s “money bag,” appears to have shipped luxury goods ...
3d
It looks like the glory days of luxury are over for LVMH, at least for now
LVMH reported a 3% decline in sales in its latest quarter, driven by decreased demand from Chinese consumers.
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