China: Luxury Brands Like LVMH, Burberry Struggle with Slowing Sales | Vantage with Palki Sharma
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China Economy: Luxury Brands Like
China Economy: Luxury Brands Like LVMH, Burberry Struggle with Slowing Sales | Vantage with Palki Sharma
China's economic deceleration and the government's strict measures on wealth displays are significantly impacting the world's top luxury brands. LVMH reports a 14% decline in sales in Asia, excluding Japan, for the quarter ending in June, a sharp drop from the 6% decline in the first quarter. This trend isn't isolated to LVMH; many luxury competitors are also experiencing a downturn in the world's second-largest economy. Palki Sharma tells you more.
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China | Economy | Luxury Goods | LVMH | Burberry | Weak Growth | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#china #economy #luxurygoods #slowdown #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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