Chinese shoppers are spending less on luxury. The world’s biggest fashion houses are feeling the pinch
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LVMH, Hermes and Gucci owner Kering have reported disappointing results as a prolonged slowdown in China puts further pressure on the luxury industry.
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- Source
- https://www.channelnewsasia.com/obsessions/luxury-brands-china-demand-slowdown-6491896
- Published
- 26/10/2026 21:27 UTC
- Captured
- 26/10/2026 21:40 UTC
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1e20c8f4d5b7a8b5· 760 words- Changes detected
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- Wayback Machine ↗