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The Luxury Shopping Slowdown in China
Posted
November 4, 2024
Views
6,038
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60
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1.41%
November 4, 2024
6,038
60
25
1.41%
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1:57Now PlayingEuropean luxury brands such as LVMH Moet Hennessy Louis Vuitton SE are suffering from a spending slowdown in China. Demand that was supposed to roar back after the lifting of strict Covid restrictions is instead cratering, a disappointment that’s helped erase about $251 billion from the stock market value of these brands since March. Bloomberg's Rachel Chang reports.
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